Cryptocurrency markets are trading higher after lower-than-expected producer price inflation data.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $113,527.08 |
| Ethereum | (CRYPTO: ETH) | $4,332.17 |
| Solana | (CRYPTO: SOL) | $222.58 |
| XRP | (CRYPTO: XRP) | $2.99 |
| Dogecoin | (CRYPTO: DOGE) | $0.2431 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001300 |
Notable Statistics:
- Coinglass data shows 139,026 traders were liquidated in the past 24 hours for $244.78 million.
- In the past 24 hours, top gainers include Pump. Fun (CRYPTO: PUMP), Mantle (CRYPTO: MNT) and Avalanche (CRYPTO: AVAX).
Notable Developments:
- Vivek Ramaswamy’s Strive To Board The Bitcoin Treasury Company With $1.5 Billion Raise
- Bitcoin Braces For Fed Decision As Polymarket Traders Bet On A 0.25% Cut
- Kraken Lets Europeans Trade Tokenized US Stocks Without Brokers Or Extra Fees
- Metaplanet Secures $1.45 Billion Capital Raise, Nets $30 Million Investment From KindlyMD Subsidiary Nakamoto
- Dogecoin Eyes ‘Impressive Rally’ On DOJE ETF Launch, But There’s Reason To Be Cautious
Trader Notes: Stockmoney Lizards sees Bitcoin attempting to break out of an inverted head and shoulders pattern, a setup that could fuel a strong Q4 rally.
Matthew Hyland pointed to Bitcoin's monthly Bollinger Bands, now showing the tightest compression in 15 years, signaling the potential for a historic move.
Michael van de Poppe noted Bitcoin's break above key resistance and the 20-day MA, with cooler PPI data boosting expectations of rate cuts and setting up altcoin outperformance.
Ted Pillows cautioned that with 88% of Bitcoin supply in profit, the market is nearing a zone that has historically triggered corrections.
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Image: Shutterstock
