Crypto
Bitcoin Prices Swing Wildly After CPI Release
The cryptocurrency market experienced significant fluctuations last week, particularly after the release of inflation data. Bitcoin's price swung between $76K and $79.8K before settling near $77K.
On a positive note, Ethereum reached an eight-month high of approximately $2,670. Additionally, ETH ETFs saw a substantial increase of $216 million in assets under management.
In contrast, BTC ETFs witnessed a decline in assets. The Federal Reserve's odds for a hike on September 16 jumped to around 87%, which could have an impact on the market.