Bitcoin, Ethereum Fall 2% as XRP, Dogecoin Tumble Over 5% on Macro Uncertainty
Bitcoin trades around $77,000 as spot ETF outflows and uncertainty ahead of key inflation data weighs on the markets.CryptocurrencyTickerPriceBitcoin$77,023Ethereum$2,456Solana$100.06XRP$1.36Dogecoin$0.08395Shiba Inu(CRYPTO: SHIB)$0.055093Notable Statistics:Coinglass data shows 150,860 traders were liquidated in the past 24 hours for $538.82 million. SoSoValue data shows net outflows of $120.2 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $34.8 million.In the past 24 hours, top losers include Pump.fun, Bitcoin Cash and Dash.Notable Developments:PPI Data Boosts Rate Hike Bets but Could It Be Bullish for Bitcoin?Coinbase CEO Makes Monster Bitcoin Call: $400,000 By 2030Bitcoin Bull Case vs Bear Case: Who Wins in September?Goldman Sachs Increases COIN Target to $219 on ‘Everything Exchange’ Push$5,000 ‘Trump Dividend’ Echoes Past Promises: Will Bitcoin Rally Again?Coinbase CEO Says CLARITY Act Nears ‘Finish Line’ and Bitcoin Has ‘Seen The Bottom’Trader Notes:Trader KillaXBT noted support remains valid until it breaks and favors lower leverage to withstand deeper price deviations.Trader Jelle warned that Bitcoin is rolling over after rejecting the $80,000 to $83,000 zone. A break below current lows could send BTC toward the low-$70,000s, which he sees as an accumulation opportunity.Bitcoin trader Ardi said Bitcoin’s 44% rally from $57,000 to $82,000 does not confirm a bear-market bottom, noting similar relief rallies occurred in previous cycles.He sees $83,000 as the key pivot and a breakout would support $57,000 as the cycle low.Image: Shutterstock