Tag: Data

Bitcoin Tumbles Following Higher Than Anticipated US Core Inflation Data

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Este artículo también está disponible en español. The higher-than-anticipated US core Consumer Price Index (CPI) reading was followed by a decline in Bitcoin (BTC) price as it tumbled almost 1.5% to $56,168 at press time. US Headline CPI Matches Forecast, Core CPI Exceeds It US headline CPI, the metric typically used to assess the inflation rate in the country, came in according to expectations at 0.2% month-over-month (MoM), and 2.5% year-over-year (YoY) for August 2024. However, core CPI (MoM) printed 0.3%, slightly higher than the 0.2% forecasted by economists.  For…

Top Analyst Data Suggest Massive Buy Signals For Mpeppe and Solana (SOL), Here’s Why

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Este artículo también está disponible en español. The current market landscape for cryptocurrencies has been filled with volatility, and while larger assets like Solana (SOL) and Ethereum struggle to maintain momentum, there are signals of opportunities in projects like Mpeppe (MPEPE). With Solana facing challenges amid a broader bearish sentiment, investors are keeping a close eye on newer tokens like Mpeppe, which has demonstrated significant potential with strong presale results and growing community support. Solana’s Struggles Amid Market Volatility Solana (SOL), one of the prominent players in the crypto space,…

Ethereum Underperforms Bitcoin 2 Years After The Merge, According to Cryptoquant Data

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Ethereum has underperformed bitcoin by 44% since The Merge, according to research from Cryptoquant. Despite significant upgrades and the recent approval of ethereum spot exchange-traded funds (ETFs), the cryptocurrency continues to face challenges relative to bitcoin. Cryptoquant: Ethereum Underperforms Bitcoin by 44% Ethereum’s transition to a proof-of-stake (PoS) blockchain, known as The Merge, took place […] Original

Bitcoin and altcoins rise as NFP data point to a large rate cut

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Cryptocurrency prices rose slightly after the U.S. published another weak nonfarm payroll report. Bitcoin (BTC) rose to $56,500 while Ethereum (ETH) jumped to $2,400 on Friday, Sept. 6. In the latest report, the Bureau of Labor Statistics showed that the economy added 142k jobs in August, lower than the median estimate of 164k. The bureau also revised the July figure from 114k to 86k. On Sept. 5, a report by ADP showed that the private sector created just 99,000 jobs in August.  The unemployment rate slipped to 4.2% from the…

Could Mpeppe Challenge Pepecoin Market Cap at Launch? Analyst Data Predicts 100x

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Este artículo también está disponible en español. In the ever-evolving landscape of cryptocurrencies, the meme coin sector continues to be a hotbed of innovation and competition. Pepecoin (PEPE), once a dominant force in this space, has recently faced challenges that have opened the door for new contenders. Among these, Mpeppe (MPEPE) stands out as a potential game-changer, with analysts predicting it could rival or even surpass Pepecoin (PEPE)’s market cap at launch, with the potential for a 100x surge in value. Pepecoin’s Current Struggles Pepecoin (PEPE) has long been a…

Bitcoin Set For Further Losses As Data Points To Stormy September – Details

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According to data from CoinMarketCap, Bitcoin has experienced a turbulent end to August, losing 7.75% of its market value in the final week. This price decline underscores the overall negative performance of the crypto market leader in the last month, with a recorded monthly price decline of 10.64%. Interestingly, amidst this downtrend, the asset’s historical price data indicates that the bears may retain market control in the coming weeks. September Popular For Negative Returns, Analyst Says In an X post on Friday, renowned crypto analyst Ali Martinez has nudged Bitcoin…

Crypto Liquidation Data Rigged By Exchanges, Researcher Finds

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Vetle Lunde, a senior analyst at K33 Research, has issued a stark warning regarding the practices of prominent crypto exchanges concerning the authenticity of liquidation data. In a post on X, Lunde outlines how exchanges such as Binance, Bybit, and OKX have systematically modified their data reporting processes in a way that he claims significantly distorts the true scale of market liquidations. Why Crypto Liquidation Data Is Bogus The core of Lunde’s argument revolves around changes implemented by these exchanges around mid-2021. For example, both Binance and Bybit adjusted their…

Cipher Mining Boosts Bitcoin Data Center Portfolio With 300 MW Texas Site Purchase

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This week, Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a 300-megawatt (MW) data center. The company also highlighted that this location is ideal for high-performance computing (HPC) services. Cipher Mining Grows to 2.5 GW Portfolio In its announcement, Cipher (Nasdaq: CIFR) shared that it invested […] Original