U.S. Core PCE Unchanged at 2.9% in August, Crypto Market Responds

Although crypto treasury companies have enjoyed short-term price gains, most have underperformed the underlying assets they hold. Crypto asset prices retraced this week, but the spot market is faring better than most digital asset treasury companies, which have lost over 90% of their value in some cases due to market saturation and investor concerns over the sustainability of the digital asset treasury business model.Strategy, the largest Bitcoin (BTC) treasury company, is down about 45% from its all-time high of $543 per share during intraday trading in November. Comparatively, BTC is up about 10% since hitting a high of over $99,000 over the same month.Additionally, BTC has printed successive new highs since December, hitting an all-time high of over $123,000 in August, whereas Strategy has failed to reach a new all-time high in 2024 or even recapture its previous all-time high during the same time period.Read more

Bitcoin (BTC) price has dropped to a four-week low as long-term holders sell and institutional demand weakens.   Bitcoin’s recent price action has caught the attention of traders around the world. The cryptocurrency has now dropped to a four-week low, after slipping to around $108,700 according to Glassnode.  Analysts say the market is showing signs […] The post Bitcoin Is Showing Signs Of Exhaustion, Glassnode Says appeared first on Live Bitcoin News.