Browsing: Bitcoin

Hot inflation data, a looming Fed decision, and four straight days of ETF outflows are hitting Bitcoin from three directions at once, and the next 72 hours could determine whether the floor holds or breaks.

Bitcoin market sentiment has risen above 89 on an index tracked by CryptoQuant analyst Darkfost, reaching its highest level since March 2024 before easing back. Darkfost’s sentiment measure briefly entered the “extreme greed” range during Bitcoin’s recent rise. The analyst said the reading has since cooled while Bitcoin tries to hold its price. CoinGecko showed…

Bitcoin’s price outlook is bullish as strong inflows into U.S. spot bitcoin ETFs, totaling over $600 million in early September, support a recovery above $80,000. Producer Price Index data showed slightly higher inflation, but markets had anticipated this, keeping bitcoin near key support levels. Additionally, growing investor risk appetite is reflected in altcoin gains, with…