Tag: range

Bitcoin signals potential range expansion— Will SOL, LDO, ICP and VET follow?

coiner

The S&P 500 Index nudged higher by 0.45% to record its second positive week. While the United States equities markets were a slow mover, gold witnessed a massive run-up of more than 5% this week. Its rally of 3.11% on Oct. 13 was its best one-day performance since Dec. 1 of last year. However, the Bitcoin (BTC) bulls did not have any such luck as Bitcoin is on track to end the week down more than 3%. Bitcoin’s weakness and the regulatory overhang have kept crypto investors away from altcoins.…

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BTC price shrugs off strong PCE data as Bitcoin traders eye $28K range

coiner

Bitcoin (BTC) stayed rangebound at the July 28 Wall Street open despite further United States inflation data beating expectations. BTC/USD 1-hour chart. Source: TradingView Fed’s “preferred” inflation metric points to waning pressure Data from Cointelegraph Markets Pro and TradingView showed BTC price action getting only a modest boost from the Personal Consumption Expenditures (PCE) Index print. This came in below estimates, hinting that U.S. inflation was continuing to subside and copying other data prints from the week. BREAKING: US PCE Price Index comes in below expectations Expected = 3.1%Actual =…

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