Hot CPI report puts a dent in Bitcoin and Ethereum rally, stocks also lose ground
BTC, ETH, altcoins and stock prices crumbled in the face of a hotter than expected CPI report. Is there room for a short-term recovery?
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
BTC, ETH, altcoins and stock prices crumbled in the face of a hotter than expected CPI report. Is there room for a short-term recovery?
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Robinhood Chain Revenue Tops Ethereum In 24-Hour App Metrics
Robinhood Chain recorded $2.66 million in daily app revenue, surpassing Ethereum mainnet and Hyperliquid over the same 24-hour mea...
XRP News: Price Faces Crucial Support Test After August Rally Loses Steam
XRP is changing hands around $1.37 as the token grinds through a second week of consolidation after August’s rally and news faded....
Bitcoin treasury company registers 93% of shares for resale and puts third of its crypto into options
USBC has registered a block of already-issued shares equal to almost its entire outstanding common stock for potential resale, cre...
Third Point’s Core Scientific Stake Puts Bitcoin Miner-To-AI Trade In Focus
Dan Loeb’s Third Point has disclosed an equity position in Core Scientific, adding another institutional name to the growing trade...
A 36-day staking bottleneck is costing Ethereum depositors over $350,000 in lost rewards daily
More than 2 million ETH is waiting to enter Ethereum staking as the amount already staked reaches a record high. Ethereum’s valida...
Metaplanet spent over $45M to lose $1B investing in bitcoin
Metaplanet has paid over $45 million to operate a bitcoin (BTC) treasury company that has a $1 billion unrealized loss from invest...