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.
Two backtests compared investing $12,000 at once with 12 monthly purchases. In the weakest 5% of one test's windows, the lump-sum strategy finished with 44.3% less BTC.
The White House's focus on Bitcoin security over new purchases stabilizes market expectations, delaying potential government-driven demand shifts. White House puts Bitcoin security ahead of any new purchases.
Binance will close its bitcoin mining pool at 07:00 UTC on Nov. 10, along with Pool Savings and Cloud Mining. Its remaining 8.7 EH/s has to go somewhere else.
He said he would rather trade around an expected multitrillion-dollar bailout than wager on the direction of AI-linked assets.
His framework allows for sharp losses before gains and identifies several unlikely but possible threats to Bitcoin's long-term case.
September CPI rose 3.7% year over year, while core CPI increased 2.6%.
Bitcoin miners fell up to 12.64% on 14 October as September CPI hit 3.7% and rate hike odds jumped.
Asian equities tumbled on Thursday, with South Korea's Kospi losing 8% and Japan's Nikkei 225 declining 5% during morning trading.