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at ATH and Donald Trump just called for slashing interest rates to 1% 📉
Next stop? HIGHER! 📈
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🚨 U.S. PPI Data Surprises to the Upside — BTC Reacts Sharply 📊 The latest U.S. Producer Price Index (PPI) data came in hotter than expected, sending shockwaves through the crypto market: ▫️ PPI YoY (July): 3.3% vs. expected 2.5% ▫️ PPI MoM: 0.9% — largest jump since June 2022 ▫️ Core PPI YoY: 3.7% vs. expected 2.9% ▫️ Core PPI MoM: 0.9% vs. expected 0.2% ⚠️ Bitcoin took a sharp hit, falling from the $120,000 psychological level as traders digested the rising inflation data. 🔍 Why this matters: ◾️ The hotter-than-expected PPI raises concerns about persistent inflation. ◾️ It may force the Federal Reserve to reconsider any rate cuts, reducing risk-on sentiment. ◾️ Crypto investors could pivot to safer assets, at least temporarily, impacting BTC and the broader market. 📢 This serves as a reminder that macroeconomic indicators are moving markets, and in crypto, sentiment reacts faster than ever. For traders and investors, staying on top of these numbers is crucial. #Bitcoin #Crypto #Inflation #PPI #Macroeconomics https://coingape.com/u-s-ppi-data-comes-in-hot-at-3-3-btc-price-crashes/?utm_source=bnb&utm_medium=coingape
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🇺🇸 The President of the USA: “Crypto could be the greatest revolution in finance since the internet.” 🏛 From the White House to the blockchain — the message is clear. #Bitcoin #Crypto #Blockchain
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📺 FOX Business just showed it live: Global M2 is exploding 🚀 History says when money supply rockets… #Bitcoin follows 📢 Stack while you can. #Crypto #Macroeconomics
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📢 PEPETO Gains Momentum as a New Utility-Driven Meme Coin #Pepeto #Memecoins #Crypto https://coingape.com/sponsored/pepeto-gains-momentum-as-a-new-utility-driven-meme-coin/
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🚨 Wall Street’s Ethereum Hunger Hits New Heights 🗓 On August 13, the world’s biggest asset managers went on an Ethereum buying spree — and the numbers are staggering: 🔹 BlackRock Ether ETF (ETHA) ◾️ +105,900 $ETH in a single day ◾️ 7th day of 100K+ ETH inflows since launch ◾️ Record $3B trading volume on Aug 13 ◾️ AUM near $16B, holdings closing in on 3.5M ETH ◾️ Share price at $35.90, a new ATH (+5% yesterday) 🔹 Other giants joined in: ◾️ Fidelity FETH: +$155M inflows ◾️ Grayscale mini-Ether ETF (ETH): +$51.3M inflows 🔹 Big picture: ◾️ Institutional inflows across all US ETH ETFs now exceed $12B since inception ◾️ ETH price is knocking on the door of its all-time high ◾️ The consistent demand underscores a clear narrative: Ethereum is becoming a core institutional asset class 📢 From Bitcoin ETFs to Ethereum ETFs, Wall Street’s pace of adoption is accelerating — and August 13 may go down as one of the most telling days in ETH’s institutional history. #Ethereum #BlackRock #Fidelity #Grayscale #ETF https://coingape.com/blackrock-fidelity-grayscale-on-ethereum-buying-spree-adding-another-155000-eth/?utm_source=bnb&utm_medium=coingape
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