1332 GMT - Bitcoin falls sharply on the release of U.S. inflation data. The producer-price index rose by 0.4% in August, in line with economists' forecasts. Bitcoin falls 1.8% to $76,866.11. Ether also falls sharply, dropping 2.1% to $2,415.76. Markets increased their bets on a Federal Reserve rate hike next week, with the probability of a quarter-point increase rising to 69.6%, according to LSEG. The prospect of higher interest rates makes non-yielding assets like cryptocurrencies less attractive.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments