Bitcoin (BTC) followed the trend of some Wall Street indices and bets on interest rate cuts from September, despite softer inflation data from the US.
Yesterday, the country’s Labor Department reported that the Consumer Price Index (CPI) fell 0.1% in June compared to May. In 12 months, inflation eased from 3.3% to 3.0%.
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The S&P 500 ended Thursday (11) down -0.88%, while the Nasdaq shrank -1.95%. The Dow Jones +0.08% posted a slight increase. Nasdaq is the only one in negative territory this morning.
This Friday morning (12), Bitcoin is trading at US$56,920, down -2.40%. Over the past 30 days, the largest crypto in the market has suffered losses of -16%. Other altcoins are trading mixed today as Ethereum (ETH) falls.
“Yesterday’s negative CPI caused a strong sell-off in the S&P 500, which could trigger more lows next week. If the correlation continues, this could lead to further declines in BTC, which could reach USD 54,000,” said Fernando Pereira, an analyst at Bidget.
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Token dumps by the German government, which sold $900 million in BTC in recent days, and hacked exchange Mt.Gox, which began the process of withdrawing $8 billion in BTC, continue to put pressure on the sector.
However, the situation in US spot ETFs (index funds) is positive. Financial products recorded net inflows yesterday for the fifth day in a row, according to data from SoSoValue platform.
Since the second week of January, when they were allowed to trade by the US Securities and Exchange Commission (SEC), they have accumulated US$15.5 billion in net inflows.
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Check out the performance of major cryptocurrencies at 8 am:
| Cryptocurrency | Price | Variation in last 24 hours |
| Bitcoin (BTC) | $56,920 | -2.40% |
| Ethereum (ETH) | $3,050 | -3.00% |
| BNB Chain (BNB) | USD 517, | -2.60% |
| Solana (SOL) | $134 | -5.70% |
| XRP (XRP) | $0.4612 | +3.30% |
Cryptocurrencies with the biggest gains in the last 24 hours:
| Cryptocurrency | Price | Variation in last 24 hours |
| Producer (MKR) | US$2,386.02 | +4.80% |
| Mantra (Om) | $0.988 | +3.90% |
| XRP (XRP) | $0.4613 | +3.50% |
| Stellar (XLM) | $0.09072 | +2.60% |
| Cardano (ADA) | $0.3996 | +1.70% |
Cryptocurrencies with the biggest declines in the last 24 hours:
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| Cryptocurrency | Price | Variation in last 24 hours |
| BONK | $0.00002238 | -13.60% |
| Render (RNDR) | $5.70 | -11.10% |
| Pepe | $0.05836 | -10.40% |
| Brett | US$ 0,1076 |
-9.50% |
| ONDO | $0.9197 | -8.90% |
See how cryptocurrency ETFs closed in the last trading session:
| ETF | Price | variation |
| Hashdex NCI (HASH11) | R$ 48.46 | +0.33% |
| BTCN Hashdex (BITH11) | R$ 72.20 | +0.93% |
| Hashdex Ethereum (ETHE11) | R$ 49.75 | +0.10% |
| Hashdex DeFi (DEFI11) | R$ 27.10 | +0.74% |
| Hashtex Smart Contract Platform FI (WEB311) | R$ 28.60 | -1.61% |
| Hasdex Crypto Metaverse (META11) | R$ 33.20 | +1.52% |
| QR Bitcoin (QBTC11) | R$ 19.42 | +0.62% |
| QR Ether (QETH11) | R$ 12.15 | 0.00% |
| QR DeFi (QDFI11) | R$ 3.84 | +2.12% |
| Crypto20 EMPCI (CRPT11) | R$ 13.50 | +3.44% |
| I invest in NFTSCI (NFTS11). | R$ 6.55 | +0.92% |
| I invest BLOKCI (BLOK11). | R$ 168.42 | -0.92% |
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