A rally in Bitcoin is cooling as traders await US inflation data and monitor a seminal upgrade of the Ethereum blockchain, events that could stir volatility in cryptocurrency markets.
The largest token rose as much as 3.3% on Monday, briefly scaling $22,000 before falling back to trade little changed as of 1:16 p.m. in Tokyo. Ether along with smaller coins like Cardano and Solana were on the back foot.
Higher-than-expected US inflation on Tuesday could harden expectations for restrictive monetary settings that are anathema for crypto prices. Any bumps in the upgrade later this week of Ethereum -- the most important crypto network commercially -- also have the potential to sow disquiet.
Bitcoin jumped about 10% on Sept. 9 amid a broader embrace of beaten-down assets encouraged by a weaker dollar that hinted at a little less fear in a tough year for global markets.
A blackout period for comments from Federal Reserve officials before the US central bank’s interest-rate decision later...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...