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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Dare to trade. Dare to win.
Bitcoin continued its struggle to gain support on Thursday, recording volatile but limited moves. The latest US Producer Price Index (PPI) data confirmed industrial inflation slowdown, in line with Wednesday's Consumer Price Index (CPI) report.
Although these indicators reinforced the declining inflation trend, Bitcoin failed to benefit from the news, and its decline extended for the third consecutive day.
Bitcoin price movement | BTC
Bitcoin price movement | BTC
Bitcoin opened trading on Thursday at $83,700, but faced rapid selling pressure, dropping by 4% to hover above $81,000 at the time of writing this report. The $79,000 level was tested earlier in the session, indicating weak support as market sentiment continues to weaken.
With the continuing overall economic uncertainty and looming concerns about trade policy, traders continue to move cautiously, avoiding aggressive buying even in the face of positive inflation data.