Bitcoin’s Rebound Sparks a Broader Market Recovery

Bitcoin and the crypto market have rebounded following the release of a U.S. macroeconomic report.

Azcnews Breaking Bitcoin’s Rebound Sparks A Broader Market Recovery

Bitcoin has rebounded to $98K following a disappointing January CPI report. The Consumer Price Index (CPI) for January came in higher than expected on both a monthly and yearly basis.

Data from the U.S. Bureau of Labor Statistics confirmed that CPI rose 0.5% last month, significantly exceeding the forecast of 0.2%. On a yearly basis, inflation stood at 3%, slightly above the projected 2.9%.

Traders have also lowered their expectations for a rate cut in the first half of 2025, now eyeing October as the next potential window for monetary easing.

Kobeissi remarked, “The market is unlikely to see another bullish scenario until DECEMBER 2026. In fact, recent data shifts suggest interest rates may remain elevated in the coming years.”

Us Economics Report
Us Economics Report

Bitcoin investors have secured nearly $800 million in profits, marking a substantial shift in profit-taking activity.

An analysis of Bitcoin inflows and outflows indicates that 82% of Bitcoin addresses are currently in profit, with an average entry price of $51,086.23. This high proportion of profitable holders reflects strong optimism among Bitcoin investors. However, 7.85% of addresses remain in the red, meaning some holders could face losses if prices decline further.

When a large number of addresses are in profit, selling pressure may increase, potentially impacting the overall price trend.

Bitcoin’s net inflows over the past 24 hours have risen by +2.31K BTC, indicating that more Bitcoin is being moved to exchanges, likely for selling.

Over the past 30 days, inflows have surged by +136.53K BTC, signaling substantial liquidity in the market. This trend could suggest that traders are positioning themselves for potential volatility. However, it may also indicate a bullish outlook if Bitcoin manages to break through key resistance levels.

Love

0.0/5

Love

Latest

How To Join The Beamable Airdrop

Airdrops | Editor Choice

How to Join the Beamable Airdrop

Beamable is an online game development platform that empowers developers to build, manage, and scale games without the headache of setting up complex server infrastructure.

Azcnews Breaking Crypto Market Recovers, But Weakness Remains As Trading Volume Drops

News | Bitcoin | Editor Choice

Crypto Market Recovers, but Weakness Remains as Trading Volume Drops

The crypto market is rebounding, but declining trading volume and fading momentum raise concerns about the sustainability of the recovery.

Superx Spring Contests 2025

Airdrops | Editor Choice

SuperX Spring Contests 2025: Compete for Top Volume and Win $1 Million with BingX!

Are you looking for an opportunity to earn money through crypto trading? BingX's SuperX Spring Contests is the perfect playground for you! With a total prize pool of up to $1,000,000, this event is exciting the global trading community.

How To Participate In The Newton Airdrop

Editor Choice | Airdrops | News

How to Participate in the Newton Airdrop

Join the Newton airdrop hunt! The project has successfully raised $83 million from top investment funds and is allowing users to earn credits for a chance to receive future airdrops.

How To Participate In The Mawari Airdrop

Airdrops | Editor Choice

How to Participate in the Mawari Airdrop

Join the Mawari airdrop hunt! The DePIN project has successfully raised $17.3 million and is currently running a point-earning program on Galxe.