Bitcoin sinks as CPI inflation hits 8.3%, shortening odds of 3rd consecutive 75 bps hike
Bitcoin tanks on news that CPI inflation was up for August. The odds of another huge 75 bps hike increased as a result.
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The Bitcoin Risk Signal has sat at its highest level of warning for almost 7 days.
Ethereum loses 0.8 BTC as Bitcoin leads the rally going into the last weekend before The Merge
Ethereum Classic fell by 13% since Sept. 6, while Cardano founder Charles Hoskinson suggests miners to turn to Ergo. On the other hand, Ethereum founder Vitalik Buterin boosts ETC mining community.
There have been $407 million in liquidations in the past 24 hours as Bitcoin tests the $19k support
Ethereum continues to gain ground, up 6% on Bitcoin as the Bellatrix upgrade readies the network for the Merge later this month.
Flux intends to fill the Proof-of-Work void left by Ethereum's upcoming switch to Proof-of-Stake.