Wall Street’s altcoin ETF rotation is not producing an altseason, and the old playbook may be breaking
Regulated funds can concentrate demand in Ethereum and Solana while broad altcoin leadership remains absent. The post Wall Street’s altcoin ETF rotation is not producing an altseason, and the old playbook may be breaking appeared first on CryptoSlate.
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Bitcoin and Gold Prices Crash As Core CPI Runs Hot
US inflation delivered a mixed signal in August, with headline consumer prices matching expectations while underlying inflation came in hotter than economists forecast. Bitcoin and Gold prices crashed in the immediate aftermath as the data adds fresh…
Core CPI rose a faster-than-forecast 0.3% in August, setting up possible Fed rate hike
The August CPI report had taken on outsized importance after Fed Chair Kevin Warsh two weeks ago suggested the central bank may have to act if inflation doesn't soon slow.