Lower than expected inflation data sparks an instant rally in crypto, while the U.S. dollar pays the price.
One Twitter user claimed that they are at “war” with the shorts while encouraging others to post more content about the short squeeze.
Traders tuck their tails as this week’s CPI print approaches and BTC and ETH price fall back into range to test underlying support.
BTC currently makes up 41% of the total crypto market cap — its smallest market share since January.
A non-difficulty bomb ETHW chain could grab 2%-10% of Ethereum's market capitalization, crypto hedge fund manager says.
The Barstool Sports founder panic-sold Bitcoin in 2020 and has expressed fleeting interest in digital assets ever since.
Bitcoin price aims to break from its current range and flip $24,000 to support, while altcoins are following the upside move by attempting to confirm their bottoming patterns.
Optimism and expectations increase around crypto markets, but U.S. inflation data looms large this week.