Bitcoin Plunges to $76K Amid CPI Data Release Chaos
The crypto market saw significant volatility last week, with Bitcoin (BTC.CC) plummeting to $76K after the CPI data release. The price swing of $3,000 in a single day highlights the heightened sensitivity to macroeconomic indicators.
Ethereum (ETH.CC) also declined by 1.33% over the past week, failing to sustain gains above $2,600 for the first time in seven months. Bitwise's BSOL ETF recorded $107 million in net inflows over 20 trading days, indicating sustained institutional accumulation of Solana ecosystem exposure.
The Fear and Greed Index stands at 68, indicating a sentiment leaning towards greed. However, unchanged whale positions suggest that major capital remains cautious pending clearer catalysts.