The U.S. Securities and Exchange Commission has approved the listing of binary options tied to corporate performance metrics, allowing investors to trade contracts based on figures such as Coinbase's trading volume and Bitcoin production by mining companies.
Bitcoin falls below $81,000 as hot U.S. inflation data rattles markets and $483M in BTC and ETH futures are liquidated. Can $80K support hold?
Bitcoin came under renewed selling pressure over the last 24 hours after hotter-than-expected US inflation data unsettled financial markets and increased expectations of further Federal Reserve tightening. The cryptocurrency dropped more than 1% shortly after the Consumer Price Index release, as traders reassessed the outlook for interest rates. The headline inflation surged to 3.7% year-over-year from 3.4%, while consumer prices increased 0.6% on a monthly basis. A 9.1% jump in gasoline prices accounted for much of the monthly increase. Click Here Core inflation, which strips out volatile food and energy costs, stood at 2.6% annually. The figures intensified concerns that inflation could remain elevated, limiting the Federal Reserve's flexibility to ease monetary policy.
U.S. spot bitcoin ETFs recorded $261.46 million in net outflows on Oct. 14. Fidelity's FBTC led withdrawals with $152.73 million, followed by BlackRock's IBIT at $110.94 million.
TokenPost's collected quote was $81,653 an hour earlier; short liquidations across Binance, Bybit and OKX totaled $90,000.
The liquidation occurred at 1:51 a.m. ET (05:51 UTC) on Oct. 15 at a price of $80,639.
Overall demand for BTC rests in a neutral position after recovering from September's levels.
The S&P 500 lost 1.1%, while four listed Bitcoin miners fell more than 12%.
September inflation rose 3.7% year over year, while crypto liquidations approached $1 billion in 24 hours.
Bitcoin's latest leg down took place during the Asian trading hours - coincidence?
The volatility in Bitcoin and Ethereum ETF flows highlights broader market uncertainty, impacting investor sentiment and potential market stability. Bitwise's BITB draws $2.2 million as US Bitcoin ETFs shed $261 million.
Bitwise Chief Investment Officer Matt Hougan says Bitcoin may be in good shape whether the economy changes or not. His reasoning is based on the long-term growth prospects for Bitcoin, which he claims remain favorable regardless of economic developments, driven by AI integration, changes in monetary policy, and increased institutional investment.