Bitcoin Financial News

cryptocurrency market experienced a notable surge on Thursday, buoyed by U.S. core inflation data that slightly exceeded expectations, diminishing hopes for a significant rate cut by the Federal Reserve next week. U.S. consumer prices edged up in August, with core inflation remaining somewhat persistent. The core Consumer Price Index (CPI) increased by 0.28% for the month, surpassing the anticipated 0.2% rise.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Bitcoin, Ethereum, and Solana, as investors awaited the US consumer price index report for policy cues. As of 1:30 pm IST, Bitcoin was down 0.9% at $56,706, while Ethereum dropped 0.92% to $2,341. Other major cryptocurrencies also saw declines: BNB fell 1.2%, Solana dropped 1.9%, XRP slipped 1%, Dogecoin fell 2.75%, Shiba Inu dropped 1.65%, and Polkadot lost 2.6%.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

A journalist and copywriter with a decade's experience across music, video games, finance and tech.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Donald Trump and Kamala Harris, the US presidential candidates, engaged in a highly charged debate yesterday. According to Polymarket data, the debate resulted in a tie, with US Vice President Harris receiving a 3% gain and cryptocurrency receiving no mention at all. The courteous handshake that opened the 90-minute ABC News-hosted debate swiftly gave way to a contentious discussion of leadership and policies. During the debate, hot-button issues like Bitcoin and cryptocurrency were not much deliberated upon. However, during the discussion, Bitcoin's price rose above $56,000. After starting with 52% of the vote in favour of Donald Trump, the debate concluded with 49% of the vote going to each candidate. According to a different Polymarket survey, 98% of respondents think Kamala won the debate.

put her Republican rival and crypto supporter Donald Trump on the defensive in a combative presidential debate. The former president had positioned himself as a pro-bitcoin candidate whose return could mark a win for the industry that has accused the current administration of regulatory overreach.

Bitcoin trading above $55,000 and Ethereum rising to $2,317. Notable gains were also recorded by Toncoin and Avalanche, which both saw increases of over 4%. As of 1:31 pm IST, Bitcoin was trading 1% higher at $55,027, while Ethereum had surged 1% to $2,317. Other notable gains included Dogecoin up 1.6%, Tron rising 1.7%, Toncoin by 5.7%, Avalanche by 4.7%, Shiba Inu by 1.5%, and Chainlink leading with a 3.5% increase.

Bitcoin reached its all-time high of $73,780 in March 2024, right before the halving event occurred. However, despite all expectations of a bull run symmetrical to previous halving events, the world's largest cryptocurrency has disappointed investors so far registering a 15% fall in the next six months. At the time of writing this opinion on September 9, Bitcoin has been unable to sustain its upward momentum and is trading at $55,081. Institutional investors have already provided a sale indicator, and coupled with whales and retail investors booking profits and the upcoming Federal rate cut announcement in September, experts suggest its valuation will slump over 20% in the near future. However, predictions have often worked little to understand the dynamics of the crypto markets in the long-term, but the looming rate cut and the outcome of the US Presidential Election have everything to shape Bitcoin’s future.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...