Bitcoin News
By Sydney TheCMO
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Bitcoin's Muted Reaction. Bitcoin was trading around $64,039 shortly after the inflation data dropped, down about 0.
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Jobs Data Complicates the Picture. The inflation report isn't the only data point making the Fed's job harder.
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What Traders Are Watching Next. The next major data points are the core PCE inflation figures and the August jobs report.
4 / 15
US inflation came in at 3.4% for July. That matched Wall Street expectations almost exactly, and it didn't move the needle much for Bitcoin traders already bracing for whatever…
5 / 15
The Bureau of Labor Statistics dropped the numbers on Wednesday. Headline prices rose 0.1% from the previous month — a modest bounce after June's 0.
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Some traders had actually penciled in a slightly softer 3.3% headline number before the report came out. So the 3.4% print was a minor miss on the optimistic side.
7 / 15
Bitcoin was trading around $64,039 shortly after the inflation data dropped, down about 0.2% over 24 hours. Pretty quiet, all things considered.
8 / 15
In the derivatives market, the mood was cautious. Options pricing kept downside protection premiums elevated even as some traders held positions aimed at a move toward $70,000.
9 / 15
The inflation print didn't resolve anything. It probably wasn't supposed to.
10 / 15
The inflation report isn't the only data point making the Fed's job harder. The July jobs report showed payrolls fell by 23,000, against an expected increase of 80,000.
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Related: Japans Potential Move Spurs Bitcoin Liquidity Debate
12 / 15
Fed Chair Kevin Warsh has held the target range between 3.50% and 3.75% since May. That's been the call despite ongoing political pressure to move in either direction.
13 / 15
The debate is live. No clear winner yet.
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The next major data points are the core PCE inflation figures and the August jobs report. Both land before the Fed's September 16 meeting, and both could genuinely shift the…
15 / 15
Bitcoin's price action has stayed contained for now, which kind of mirrors the broader market's wait-and-see posture.
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