Bitcoin stalled at $90,000 because that “perfect” inflation report hides a massive data error
Bitcoin stalled at $90,000 because that “perfect” inflation report hides a massive data errorInflation fell to 2.7% and the Fed cut rates three times, but Bitcoin stalled at $90,000. Contaminated CPI data, 1.9% real yields, and depleted order books explain why good news isn't moving price.
Happy Tuesday!Bitcoin hit a wall at $90,000 despite cooling inflation to 2.7% and Fed rate cuts, as hidden CPI data flaws and a "demand vacuum" revealed by on-chain metrics threaten further downside. Solana's Saga phone owners face mounting risks after the company halted security updates, exposing unpatched wallets to critical vulnerabilities. Get the latest crypto news highlights below. The global crypto market cap is $2.95 trillion, with a 24-hour volume of $100.88 billion. The price of Bitcoin is $87,347.26, and BTC market dominance is 59.1%. The price of Ethereum is $2,924.47, and ETH market dominance is 12.0%. The best-performing sector is Prediction, which gained 11%. The Crypto Fear & Greed Index is currently Extreme Fear (24). 📰 Top News
Bitcoin stalled at $90,000 because that “perfect” inflation report hides a massive data errorInflation fell to 2.7% and the Fed cut rates three times, but Bitcoin stalled at $90,000. Contaminated CPI data, 1.9% real yields, and depleted order books explain why good news isn’t moving price. Bitcoin on-chain data just confirmed a “demand vacuum” that threatens to drag prices down to this uncomfortable rangeAnalysts urge structural changes, emphasizing ETF flows, demand growth, funding rates, and price recovery to end Bitcoin’s bear season. Solana ends Saga phone support, exposing owners to a critical wallet risk you can’t ignoreThe company warned that app compatibility “cannot be guaranteed” anymore, leaving private keys vulnerable on unpatched devices.
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About CryptoSlateCryptoSlate is a comprehensive and contextualized source for crypto news, insights and data. Since 2017, CryptoSlate has been a go-to destination for the fast-moving and nascent digital assets space. Our coverage focuses on Bitcoin, Ethereum, macro, DeFi, AI, and web3. Our goal is to provide an all-encompassing overview of the crypto asset market and the technological trends shaping it. Our mission at CryptoSlate is to decode the complexity of digital assets and showcase their potential to transform society by providing accessible, reliable information and analysis. We're committed to differentiating our news coverage by telling original stories and providing alternative points of view. Questions, Comments?Get in touch with us here. Connect with UsTelegram • X • Google News • LinkedIn • Instagram
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