Bitcoin and Other Crypto Prices Pump After US Retail Sales and PPI Inflation Falls More Than Expected
Bitcoin and wider crypto prices are getting a strong tailwind today after the release of the latest US economic data shows softening inflation and slowing retail sales. Bitcoin at the time of writing is priced at $21,565...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin at the time of writing is priced at $21,565, up 0.9% and Ethereum is currently 0.85% higher at $1,602.
The closely watched US retail sales figure fell -1.1%, greater than the -0.8% forecast by economists....
Read More: Bitcoin and Other Crypto Prices Pump After US Retail Sales and PPI Inflation Falls More Than Expected
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Ethereum (ETH) Price Prediction: ETH Tightens Near $1,880 as Analysts Debate Breakout Towards $3,000 or Another Bear-Market Leg
Ethereum price is consolidating around $1,880 as ETH moves deeper into a tightening technical structure, with traders watching whe...
Wall Street finally turned staking into a dividend, now Ethereum and Solana want to shrink it
Grayscale's July 17 SEC filings said its Ethereum and Solana staking ETFs would convert staking rewards to cash and distribute the...
Strategy Goes Another Week Without Buying — Or Selling — Bitcoin, Builds Up Cash Reserve
Bitcoin Magazine Strategy Goes Another Week Without Buying — Or Selling — Bitcoin, Builds Up Cash Reserve Bitcoin treasury Strateg...
Trump Expected to Join Crypto CEOs at the White House a Day Before the CFTC’s First Innovation Panel
President Donald Trump is expected to attend a White House meeting on Wednesday with chief executives from the crypto, prediction...
Pump.fun ranks third in 7-day revenue among all protocols, trailing only Tether and Circle
Pump.fun's rise highlights the growing influence of retail-driven crypto activity and Solana's role as a hub for rapid memecoin tr...
Bitcoin faces its highest Treasury hurdle since 2007 with $22.5B less crypto credit to unwind
The US 30-year Treasury yield crossed 5.3% on Aug. 17 for the first time since June 2007, the same day Galaxy published a report s...