Analysis Crypto by Thebittimes.Com

Shiba inu fell to a four -month low on Thursday, as consumer prices in the United States rose by more than expected. U.S. inflation came in at 8.2% in September, which is higher than the 8.1% consensus expectation. Solana was in the red as well, as the token also hit a multi -month low . Shiba Inu (SHIB) Shiba inu (SHIB) dropped to a four-month low on Thursday, as markets reacted to the latest U.S. inflation report. Consumer prices climbed to 8.2% year-on-year in September, which is higher than expectations of 8.1%. As a result of this, SHIB/USD fell to an intraday low of $0.000009385, which is nearly 8% lower than yesterday’s high. SHIB/USD – Daily Chart Today’s bottom is the lowest level that the meme coin has traded at since June 21, and the low comes as a key support point was broken. SHIB moved below its floor of $0.00000980, as the 14-day relative strength index (RSI) also moved under a support level. The index is currently tracking at 29.33, which sees price stren...

Bitcoin was trading near a key support point on Monday as markets prepared for a big week of economic data. The headline release will be Wednesday’s U.S. inflation report, which is forecasted to come in at 8.1% for September, which is lower than August’s rate of 8.3%. Ethereum was also in the red, as the token slipped to a one-week low to start the week. Bitcoin Bitcoin started the week trading at a seven-day low, as markets prepared for a big week of economic data. BTC/USD slipped to a bottom of $19,162.31 on Monday, which saw prices drop below a key support point of $19,300. Since hitting this floor, bulls have since reentered, pushing prices back above the aforementioned support . BTC/USD – Daily Chart Looking at the chart, today’s drop in price came as the 14-day relative strength index (RSI), fell to a bottom of its own. As of writing, the index is tracking 45.47, which is marginally above a support of 45.00, however, bulls have thus far rejected...