Bitcoin price tumbles 4.5% to $80,350, sparking over $1 billion in long position liquidations ahead of US CPI data release.

The pattern indicates that the downward momentum has weakened, hinting at a renewed upswing ahead of the CPI release.

PCE inflation data is closely watched by the Federal Reserve when it's making decisions on whether to cut interest rates.

And Bitcoin is no exception. Driven up by 2% as the US CPI data sent mixed inflation signals across markets, Bitcoin surged ...

Still, there's a risk-off feeling in the air as the divergence between bitcoin and the broader crypto market grows. Bitcoin ...

US CPI 12-month % change. Source: BLS However, the good news was short-lived as the start of Wall Street trading saw the return of characteristic selling pressure across crypto markets.

US CPI February data shows 0.2% inflation rise to 2.8%, driving Bitcoin, XRP, Dogecoin, and Cardano gains amid Fed policy concerns.

US CPI for February dropped to 2.8%, below market expectations of 2.9%. Bitcoin rose above $84,000 from its recent declines following the release of the inflation data. However, plans of ...

“Bitcoin’s relief rally after the FOMC meeting and lower CPI readings has analysts eyeing a weekly close above $85,000, as critical for resuming upside momentum,” Lee told Cointelegra ...

Bitcoin jumped past $83,900 after new Consumer Price Index (CPI) data revealed inflation rising less than forecasted, easing fears of aggressive Federal Reserve rate hikes and fueling risk ...

Bitcoin ETF outflows point to “growing caution” Continuing on the macro theme, trading firm QCP Capital suggested that the day’s CPI print could weigh on the Federal Reserve’s interest rates decision ...