“Tuesday’s CPI Inflation Data, Followed BY PPI Report Later This Week, Could Make or Break Bitcoin’s Momentum, Bitfinex Analysts Said.”, – WRITE: www.coindesk.com
The PullBack Left Bitcoin 2.8% Off Its Session High of $ 122.200, Thought The Largest Crypto Remoned Up 0.4% Over The Past 24 Hours.
Ether Held Above $ 4,200, Modestly Up 0.8% During the Same Period, While Majoor Altcoins Solana’s Sol (Sol), Dogecoin
and Sui’s Native Token
(Sui)
Slipped 3%-4%.
James Van Straten, Senior Analyst at Coindesk, Noted That Bitcoin’s Weekend Rally Left A Gap in The Cme Futures Market, Which Trade Only on Weekdays, Between Friday’s Clos $ 119,000. History Suggests that Btc Could Pull Back to Revisit and “Fill” That Gap, He Said.
Tuesday’s US Consumer Price Index (CPI) Report Could Be the Week’s Biggest Catalyst for Traders, with Producer Price Index (PPI) Data Following Later in The Week.
WHERE BITCOIN’S’S MOMENTUM Continues Will Likely Depend on Those US Macroconomic Data Reports, Bitfinex Analysts Said in a Monday Market Report.
“WitH Market Sensitivity to Macro Events Running High, Traders Should Prepare for Increated Volatility and the Possibility of A Retracement Toward $ 110,000 in The Near Term,” The Bitfinex.
“We Believe that the Ranging Conditions and Oscillation Between the Range Highs and Lows Will Continue, the Since Price Is Constantly Moving Above and Below The Cost-Basis of Fresh Buyrs of BUY BUY BUY BUY BUY BUY BUY BUYSIS Key Macro Data Releases, “They Added.
Read More: Watch Out Below: Bitcoin’s Weekend Surge Leaves CME GAP
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Safety Shot Will Issue Preferred Shares Convertible Into Common Stock.
- Safety Shot Has Acquired A 10% Revenue Stake in Bonk.Fun, Adding $ 25 Million in Bonk Tokens to Its Treasury.
- Bonk.Fun Genered Over $ 35 Million in User Fees in July, Dominating Solana’s Token Launch Market.
- The Deal Provides Safety Shot with a recurring income Stream Linked to Bonk’s EcoSystem and Market Performance.
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