The price of bitcoin was trading at $69,500 following the news, down 1.2% over the past 24 hours.
U.S. February CPI matches forecasts, reinforcing expectations for no near-term rate cuts
The price of bitcoin was trading at $69,500 following the news, down 1.2% over the past 24 hours.
Shares:
The sudden price gyrations wiped out over $460 million in long positions and $220 million in shorts, across futures tracking majors like ether (ETH), solana (SOL), and dogecoin (DOGE).
Regulatory clarity and expanding use cases beyond trading are setting the stage for deeper institutional participation in digital assets, the bank said.
Historically, bitcoin bear markets have lasted 12-13 months, suggesting a potential downturn until late 2026 if priced in USD.
Macroeconomic uncertainty, including a global tariff war, is impacting markets, with bitcoin trading under $79,000 and major tokens down 14%.