Market Wrap: Bitcoin Prices Pull Back Ahead of US Inflation Report

Ten-year Treasury yield daily close: 2.80%Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atMarkets on Tuesday were focusing on release of the July CPI, which will show whether ongoing efforts to reduce inflation are working.

The CME FedWatch tool, which measures the probability and likely extent of future rate hikes, now shows a 70% probability of another 75 basis point rate increase, which would match the last rate hike announced in June.Should the inflation rate fall below forecasts, the prospects for a 75 basis point increase will likely decline and crypto markets will respond positively.

The spread between the two-year and 10-year Treasury notes contextualizes how investors are pricing lending risk. Currently the spread implies that traders require greater compensation to lend money for two years than they do to lend money for 10 years, which indicates a lack of confidence in short-term economic conditions.From a technical perspective, BTC fell below its trendline on Tuesday. It will be important for traders to see if it reclaims the trendline.

The VPVR tool measures levels of activity at specific price levels. The data can show investors where price agreement occurs, indicating support and/or resistance.

GWilliamsJr_CMT JimmyHe32 Great, another opportunity to spend usdt to buy cheap bitcoin

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: ETH Hits 2-Month High Above $1,800 – Market Updates Bitcoin NewsEthereum surged to a two-month high on Monday, as crypto prices have mostly moved higher following Friday’s nonfarm payrolls report. I think I might be onto something here. So early they dont even have liquidity on pancake. They have public team with a real world utility for their token. Probinex1 $PBX Hooray!!! I spend usdt to buy $ETH regularly. I think that in September we will see 2K
Source: BTCTN - 🏆 531. / 51 Read more »

Crypto Lender Hodlnaut Pauses Withdrawals — Company Cites Market Conditions, Despite Recent Crypto Rally – Bitcoin NewsWell before the Hodlnaut withdrawal pause, the Terra whistleblower called Fatman warned people about Hodlnaut's alleged issues. 🚀 Thankss a millon Whys nonee talkin about this? …… Hoooow coooome Uniswap alloooows this …
Source: BTCTN - 🏆 531. / 51 Read more »

Green Market Watch: Bitcoin Eyes $24K, BNB Spikes to 2-Month HighBinance Coin charted a new two-month high, while bitcoin soared and tapped $24,000. hishibada1974 Bitcoin can reach $30,000 by the end of the month, you will thank me. hishibada1974 According to my prediction, Bitcoin will reach $30,000 by the end of the month, and will hit the 70,000 mark again by the end of this year, no thanks
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin, Ethereum Technical Analysis: BTC Drops Under $24,000 After Falling Below Key Price Ceiling – Market Updates Bitcoin NewsBitcoin fell below $24,000 on Tuesday, as prices collided with a key resistance level. ETH was also lower, nearing a breakout below $1,700. I'm baginning to think that I started shopping at Bitfinex too early.. BTC trò hề, sao tất cả mọi người không từ bỏ nó, có nhiều dự án khả quan. It looks like flat Just imagine 21-25K as a range for couple of years BTC Bitcoin
Source: BTCTN - 🏆 531. / 51 Read more »