✉news BusinessCrypto first seen 23 h ago, last 21 h ago, peak #26
Bitcoin Slips Below ETF Cost Basis After Hot CPI Print
Original: Bitcoin Below ETF Cost Basis After 3.7% CPI: $80K Test Ahead
Bitcoin has fallen below the cost basis of spot ETF holders after US inflation data came in at 3.7%, prompting warnings that a test of the $80,000 level could be next. Analysts say the drop below ETF entry prices matters because it leaves recent institutional buyers underwater, raising the risk of further selling pressure if macro conditions stay tight.
Why now: A hotter-than-hoped CPI print is pressuring crypto markets and putting a widely watched price level in play.
BitcoinUS spot Bitcoin ETFsFederal Reserve
Evidence
- Bitcoin Below ETF Cost Basis After 3.7% CPI: $80K Test Ahead · Altcoin Buzz
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