Bitcoin (BTC) Price Moves as US CPI for May Hits 2-Year High
Regular CPI has risen a lot more than Core CPI, given the significant increase in energy costs due to the war.
Crypto Daily·
With a seemingly unstaunchable flow of BTC leaving the U.S. Spot Bitcoin ETFs and a shaky U.S. stock market making its impact felt, how long will it be before the Bitcoin price breaks down again? Could the $BTC price close below the $60K support?
Read full articleRegular CPI has risen a lot more than Core CPI, given the significant increase in energy costs due to the war.
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Crypto ETF flows turned cautious again on Tuesday, June 9, as bitcoin ETFs posted a third straight day of outflows and ether funds slipped back into redemptions after Monday’s rebound. XRP and solana ETFs drew modest inflows, while HYPE products saw no trading activity. Bitcoin and Ether ETFs Lose $118M as XRP and Solana Draw […]
More than half of Bitcoin supply is underwater as K33 sees $60K near a cycle bottom, though history leaves room for one final price decline.
Bitcoin closed the week of June 5 with a nearly 20% decline — its sharpest single-week drop since the FTX collapse in November 2022 — but on-chain analyst Ali Martinez is pushing back against the prevailing fear, arguing in a technical post on X that the market is approaching a major macro accumulation cycle rather than the beginning of a deeper structural breakdown. Related Reading: The Bitcoin Rally Has A Problem: Demand Is Drying Up Martinez’s case rests on a convergence of on-chain metrics that have historically accompanied market bottoms rather than preceded further selling. Bitcoin’s decline to $59,000 — its lowest level since 2024 — flushed out what he describes as “overleveraged premiums” across the board, per his X post. That kind of forced deleveraging, he argues, is typically what creates the conditions for a genuine bottom rather than a temporary bounce. BTC's price trends to the downside on the daily chart. Source: BTCUSD on Tradingview The Bitcoin Metrics Behind The Call
Market sentiment reflects heightened risk aversion and potential volatility in crypto prices amid economic and geopolitical uncertainties. The post Bitcoin price odds drop ahead of US CPI release appeared first on Crypto Briefing.
Key takeaways The oversold technical conditions may limit the pace of the decline, but the broader market structure remains bearish. The structure will remain bearish unless BTC can reclaim the $64,000 region and build momentum back above key moving averages. BTC Extends Losses Ahead of Key US Inflation Data Bitcoin (BTC) continued its decline on […] The post Bitcoin falls below $61k amid geopolitical tensions and ETF outflows appeared first on CoinJournal.