Tag: CPI Report

  • US Stock Futures Climb Ahead of August CPI Report; Oracle Surges, Adobe Slides

    US Stock Futures Climb Ahead of August CPI Report; Oracle Surges, Adobe Slides

    US stock futures moved higher on Friday as investors prepared for the August consumer price index report. Oil prices eased from recent highs, while Treasury yields stayed close to multiyear peaks. Markets remained cautious after Wall Street recorded four straight sessions of losses.

    At 5:31 a.m. ET, Dow E-minis rose 276 points, or 0.53%. S&P 500 E-minis gained 0.54%, while NASDAQ 100 E-minis increased 0.57%. The gains followed another weak session on Thursday, when the Dow fell more than 300 points, the S&P 500 dropped 0.6%, and the NASDAQ Composite declined 0.7%.

    Investors now await the August CPI report. Economists expect consumer prices to rise 0.4% from July and 3.4% from a year earlier. Core CPI is expected to rise 0.2% monthly and 2.4% annually. The data arrives after a hotter producer price index, which increased 0.4% in August and rose 5.4% from a year earlier.

    The inflation readings come ahead of the Federal Reserve’s Sept. 15-16 meeting. Futures markets assign roughly a two-thirds to 70% chance of a 25-basis-point rate increase. Christopher Hodge, chief US economist at Natixis CIB Americas, said an inflation reading near expectations could reduce pressure on the Fed to raise rates.

    Oil prices moved lower on Friday but remained above $104 a barrel for Brent and near $100 for West Texas Intermediate. Shipping activity through the Strait of Hormuz has fallen sharply, and markets continue to monitor Middle East tensions. Bill Adams, chief US economist at Fifth Third Commercial Bank, noted that the surge in energy prices creates new upside risk for inflation.

    Treasury yields stayed elevated, with the 10-year near 4.94% after approaching 5% on Thursday. The 30-year yield reached about 5.3%. Higher bond yields can reduce demand for stocks as investors shift to lower-risk fixed-income assets.

    Oracle shares jumped about 7% in premarket trading after the company reported stronger quarterly revenue and profit. Its cloud infrastructure sales more than doubled, and it added more than $30 billion in AI cloud contracts during the quarter. Remaining performance obligations reached $664 billion. Adobe shares fell more than 2% after issuing a fourth-quarter revenue forecast below Wall Street expectations, though its adjusted earnings of $6.13 per share beat estimates.

    Nvidia gained in premarket trading, while ACV Auctions surged after Copart agreed to acquire it for nearly $1.9 billion. Friday’s market direction will depend heavily on the CPI reading as investors assess inflation, Treasury yields, oil prices, and expectations for the Federal Reserve’s next move.

  • Bitcoin Hovers Near $77,081 as CPI Report and Middle East Tensions Test Key Support Levels

    Bitcoin Hovers Near $77,081 as CPI Report and Middle East Tensions Test Key Support Levels

    Market Overview

    Bitcoin steadied near USD 77,081 on Friday, September 11, recovering part of this week’s losses after hotter producer price data and rising Middle East oil tensions fueled caution across risk assets. Today’s US Consumer Price Index (CPI) report, due at 8:30 am Eastern Time, is the market’s key catalyst.

    Ethereum, Solana, and XRP posted modest gains alongside Bitcoin. Zcash surged again, outpacing the broader market by a wide margin on shielded pool demand. Total crypto market capitalization remained near USD 2.61 trillion.

    Bitcoin Price Today

    Bitcoin traded at USD 77,081.66, up 1.5% over the past 24 hours (CoinGecko). Its market cap stood at USD 1.55 trillion. Trading volume reached USD 29.97 billion. Bitcoin gained 4.6% over the past seven days.

    Analyst Commentary

    • CoinSwitch: BTC slipped below USD 77,000 after US producer prices rose 5.4% year on year. A 74% chance of a Fed rate hike this month is priced in. Must reclaim USD 78,000–79,000.
    • Mudrex: Bitcoin extended declines across four sessions, testing USD 76,000–77,000. Nearly USD 190 million in liquidations hit. Support at USD 76,000 must hold.
    • Delta Exchange: Key support USD 75,600–76,200, resistance USD 77,600–78,000. Implied volatility near 40 signals sharp move expected around CPI.
    • WazirX: Broad profit-taking noted. Support USD 76,000, resistance USD 78,000.

    Biggest Gainers and Losers Today

    Zcash led with a 12.4% daily gain, extending its weekly advance past 15%. Hyperliquid rose 5.6%, XRP added 3.1%. No top coin posted a 24-hour decline.

    Crypto News Impacting Prices

    US Producer Prices Fuel Inflation Concerns

    August producer prices rose 5.4% year on year, slightly above forecasts. Fed rate hike odds for this month climbed toward 74%. Bitcoin briefly slipped below USD 77,500.

    Iran-Linked Oil Tensions Keep Crude Elevated

    Crude trading near USD 100/barrel added to inflation worries. Bitcoin remained resilient thanks to steady spot demand.

    CLARITY Act Faces Senate Vote

    The Senate will hold a cloture vote on the CLARITY Act on September 15. A 60-vote threshold is needed. Ethics provisions and stablecoin rewards remain divisive.

    Zcash Rally Continues

    Zcash jumped 12.4% in 24 hours, gaining over 15% weekly. Rising shielded pool adoption and heavy mining demand supported the move.

    Bitcoin Liquidations Near USD 190M

    Bitcoin’s slide toward USD 76,000 triggered close to USD 190 million in liquidations within an hour. Long-term holders’ share of realized profits fell sharply.

    Investor Outlook

    Today’s CPI report is critical. A soft print could ease yields and support a push toward USD 80,000. A hot reading could reinforce hawkish bets and pressure Bitcoin toward USD 75,000. The CLARITY Act vote on September 15 adds a second layer of uncertainty. Desks recommend disciplined position sizing.

    FAQs

    1. What is the Bitcoin price today?

    Bitcoin trades near USD 77,081.66, up 1.5% in 24 hours. Support near USD 76,000, resistance near USD 78,000.

    2. Why is today’s CPI report important?

    The CPI print shapes Fed rate expectations. Cooler reading could support Bitcoin; hotter reading risks hawkish bets.

    3. What is the biggest crypto news today?

    Zcash’s rally past USD 1,000, hotter PPI data, and the CLARITY Act Senate vote.

    4. Which coins are performing best?

    Zcash (+12.4%), Hyperliquid (+5.6%), XRP (+3.1%). No top coin declined.

    5. What should investors watch this week?

    CPI report, CLARITY Act vote, and any escalation in Iran-linked oil tensions.

  • Wall Street Slips as Renewed US-Iran Tensions Lift Oil Prices and Drag Down Chip Stocks

    Wall Street Slips as Renewed US-Iran Tensions Lift Oil Prices and Drag Down Chip Stocks

    US stocks declined on Monday as escalating tensions between the United States and Iran prompted investors to adopt a cautious stance. The S&P 500 fell 0.4% at its session low, while the NASDAQ Composite dropped 1%. The Dow Jones Industrial Average traded roughly 56 points lower, or 0.1%.

    The market weakened after President Donald Trump announced the reinstatement of a blockade targeting Iranian shipping through the Strait of Hormuz. Oil prices surged on the news, adding pressure to growth stocks and other risk assets. This came despite the S&P 500 posting two consecutive weekly gains amid volatile chip shares and renewed Middle East risks.

    Oil Surges After New Hormuz Order

    Trump stated that the United States would act as ‘THE GUARDIAN OF THE HORMUZ STRAIT’ and impose a 20% charge on cargo shipped through the route to cover security costs. He said the action would prevent Iranian ships and customers from entering or leaving via the waterway.

    West Texas Intermediate crude futures gained more than 5%, moving above $75 per barrel. Brent crude climbed about 5.3% to $80. The gains followed another exchange of strikes between the US and Iran over the weekend, renewing concerns over energy supplies and shipping access.

    Chip Stocks Lead the Market Decline

    Semiconductor shares posted some of Wall Street’s steepest losses. US-listed shares of SK Hynix fell 7% after surging 13% during its NASDAQ debut on Friday. Micron Technology dropped about 6% to 7%, while Sandisk lost close to 10%. Seagate Technology fell 6%, and Advanced Micro Devices and Intel traded around 4% lower. The Philadelphia Semiconductor Index slid 3.6%, standing more than 14% below its late-June record.

    Technology became the weakest S&P 500 sector during the morning session, falling about 1.3%. Four of the index’s 11 sectors traded lower early. The NASDAQ posted the largest decline among the three major indexes, while gains in IBM and UnitedHealth helped limit losses in the Dow.

    “Markets have started the week firmly on the defensive,” said Daniela Hathorn, senior market analyst at Capital.com. She linked the weaker mood to renewed US-Iran tension and uncertainty over the path toward a lasting agreement.

    Earnings and CPI Move into Focus

    Wall Street also prepared for a busy week of corporate results. JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and Wells Fargo will report. Netflix, Johnson & Johnson, and UnitedHealth also have results scheduled.

    Analysts expect second-quarter S&P 500 earnings to rise by more than 23% from a year earlier, based on FactSet and LSEG estimates. Investors will track bank results for signs of consumer strength and credit quality. Technology earnings will also draw attention as companies update AI spending plans.

    The June consumer price index report arrives Tuesday morning. The data could reshape interest-rate expectations after higher oil prices renewed inflation concerns. Federal Reserve Chair Kevin Warsh will also deliver his first monetary policy testimony before Congress on Tuesday.

    Apple drew attention after Citi raised its price target to $365 from $315, citing potential market share gains despite slower demand. Analyst Asiya Merchant noted that ‘selective price increases’ may offset margin pressure, and pointed to the September iPhone 18 launch as a possible catalyst before Apple reports earnings on July 30.

  • Bitcoin Slides Below $63,000 as US-Iran Tensions Spark Crypto Sell-Off

    Bitcoin Slides Below $63,000 as US-Iran Tensions Spark Crypto Sell-Off

    Bitcoin tumbled 2.42% over 24 hours to $62,461.35 as renewed US-Iran military strikes prompted a broad risk-off move across financial markets. The decline was accompanied by a drop in stablecoin supply, which has fallen by about $10 billion since May, signaling weaker crypto liquidity.

    The broader crypto market lost 1.12%, trimming total capitalization to roughly $2.15 trillion. The Fear and Greed Index plunged to 28, while Bitcoin dominance held near 60%. Traders now face heightened geopolitical risk, lower liquidity, and the upcoming US Consumer Price Index (CPI) report due July 14.

    Geopolitical Tensions Pressure Bitcoin Price

    Renewed US airstrikes on Iran intensified fears over Middle East supply routes, particularly the Strait of Hormuz. Brent crude surged more than 3%, adding fresh inflation concerns. Bitcoin moved lower alongside other risk assets as traders reduced exposure before the CPI data.

    The drop pushed Bitcoin below the key support level of $62,565, raising the risk of a move toward $60,000 — a major psychological price zone. A recovery above $64,300 would ease short-term pressure, but geopolitical developments may keep price swings elevated.

    Liquidations Accelerate the Crypto Sell-Off

    Leveraged positions amplified the decline. Bitcoin liquidations reached $70.23 million over 24 hours, up 248% from the previous period. Long positions accounted for 85% of forced selling, indicating that traders bet on higher prices.

    Across the crypto market, total liquidations hit $254.4 million, affecting 68,505 traders. Long liquidations totaled $194.9 million, while short liquidations reached $59.5 million. Ethereum traded near $1,789, while BNB and XRP also posted losses. Solana held near $76.80, bucking the broader trend. The Altcoin Season indicator stood at 59 out of 100, suggesting altcoins have not yet overtaken Bitcoin.

    The average crypto RSI hovered near 45, pointing to weak momentum without an oversold reading. These figures indicate a cautious market rather than a full capitulation event.

    Stablecoin Outflows Raise Liquidity Concerns

    Stablecoin market value has dropped by roughly $10 billion from its May peak despite high transaction volume. June alone recorded a $7.7 billion decline — the largest monthly contraction since the Terra-Luna collapse in May 2022. USDT lost about $6 billion, while USDC declined by approximately $7 billion over the period.

    Stablecoins provide trading liquidity and often indicate whether capital remains in crypto. The latest decline suggests a portion of the market moved back into fiat rather than waiting in digital dollars. Analysts have called the move a ‘temporary correction,’ but two consecutive months of falling supply point to weaker available capital.

    Bitcoin fell 3.6% in May and 20.45% in June as stablecoin liquidity contracted. Stablecoin dominance now sits near 6.5%, while Bitcoin dominance holds close to 60%. A further drop in stablecoin use could delay any ‘market bottom’ and keep pressure on higher-risk tokens.

    What Traders Are Watching Next

    The July 14 CPI report now stands as the next major trigger. Softer inflation could support rate-cut expectations and improve risk appetite. A stronger reading may lift yields and add pressure on Bitcoin. Traders will also watch whether Bitcoin can regain $63,000 or drop toward $60,000.

    Also Read: DeFi Outperforms Bitcoin: DeFi Tokens Drop Just 4% as BTC Plummets 22%