Bitcoin, ether little changed before U.S. inflation report: Crypto Markets Today
Bitcoin and Ether saw minimal change as crypto markets await the release of U.S. inflation data for directional cues.Summary
Bitcoin briefly tested $67,000 on Friday but remained on track for a fourth consecutive weekly decline, while Ether rose slightly. Traders are cautious ahead of the U.S. Consumer Price Index (CPI) report, as a higher reading could pressure risk assets, whereas a lower reading might encourage risk-taking. Derivatives markets show tentative optimism, evidenced by cleaned-up leverage, positive funding rates, and rising institutional basis, although traders are still paying a premium for short-term downside protection. Deribit's chief commercial officer stated that the long-term rally is considered "broken" until Bitcoin reclaims $85,000. Separately, Solana-based memecoin launchpad Pump.fun's PUMP token gained over 5% following the introduction of GitHub-linked fee allocation tools for creators.
(Source：CoinDesk)