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CoinGape

Bitcoin, Ethereum Staging Short Cover Rally Before US CPI Inflation Data

CoinGape
Summary
Nutrition label

63% Informative

Bitcoin and other altcoins shows optimism ahead of the CPI inflation data numbers for July .

Bitcoin approaches $ 60,000 levels, however, a death cross signal haunts on the technical chart.

All eyes will be on the Fed and whether or not its consider rate cuts ahead in September next month .

In the last 24 hours , more than $177 million have been liquidated with $91 million in short liquidations.

VR Score

43

Informative language

31

Neutral language

28

Article tone

formal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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