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Bitcoin price slips below $74,000 as inflation shock sets up a $70,000 showdown

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Bitcoin price slips below $74,000 as inflation shock sets up a $70,000 showdown

Bitcoin ($BTC) remains under pressure on Wednesday as stronger-than-expected US inflation figures trigger another wave of caution across the cryptocurrency market. Bitcoin has fallen

Directly affected

  • No company is named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust-8.0% 30d

    iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story.

  • TIP iShares TIPS Bond ETF+0.4% 19d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • COIN Coinbase Global-29.1% 30d

    Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • MSTR Strategy-16.4% 30d

    Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • MARA MARA Holdings-34.5% 7d

    MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • RIOT Riot Platforms-10.1% 30d

    Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • WMT Walmart+20.2% 30d

    Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • COST Costco Wholesale+17.1% 30d

    Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
IBIT+8.70%+2.84%base+1.02%after closeafter closeafter close
TIP+0.74%+0.94%base+0.01%after closeafter closeafter close
COIN+14.70%+1.98%base+4.63%after closeafter closeafter close
MSTR+17.71%+6.57%base+1.47%after closeafter closeafter close
MARA-6.39%-13.67%base+7.55%after closeafter closeafter close
RIOT-14.90%-7.60%base+1.96%after closeafter closeafter close
WMT+2.97%-0.02%base-0.72%after closeafter closeafter close
COST-1.85%-1.20%base+0.91%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Bitcoin price slips below $74,000 as inflation shock sets up a $70,000 showdown Cryptonews.net

Source: Cryptonews.net

This story

CompanyWhenMoveStatus
COINthat day+4.63%still updating
COINthree days earlier+1.98%final price
COINfive days earlier+14.70%final price
COSTthat day+0.91%still updating
COSTthree days earlier-1.20%final price
COSTfive days earlier-1.85%final price
IBITthat day+1.02%still updating
IBITthree days earlier+2.84%final price
IBITfive days earlier+8.70%final price
MARAthat day+7.55%still updating
MARAthree days earlier-13.67%final price
MARAfive days earlier-6.39%final price
MSTRthat day+1.47%still updating
MSTRthree days earlier+6.57%final price
MSTRfive days earlier+17.71%final price
RIOTthat day+1.96%still updating
RIOTthree days earlier-7.60%final price
RIOTfive days earlier-14.90%final price
TIPthat day+0.01%still updating
TIPthree days earlier+0.94%final price
TIPfive days earlier+0.74%final price
WMTthat day-0.72%still updating
WMTthree days earlier-0.02%final price
WMTfive days earlier+2.97%final price

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This story

12 out of 100Price not final

“Bitcoin price slips below $74,000 as inflation shock sets up a $70,000 showdown” scores 12 out of 100. The score uses 1 sources. The price is not final yet.