Bitcoin Shows Slight Rebound Amid Inflation and Tariff Concerns
- Bitcoin rebounded to $109,300 after dipping below $109,000, marking a decrease of 1.5% over the past day.
- Core inflation rose by 2.9% year-over-year in August, slightly above July’s increase of 2.6%.
- Over $970 million in crypto futures contracts were liquidated, with $852 million from long positions.
- 69% of prediction market users expect Bitcoin to fall to $105,000 before reaching $125,000.
- New tariffs announced by President Trump could impact inflation and growth.
The Bitcoin market is reacting to mixed economic signals as core inflation data shows a slight increase and new tariffs are expected from the U.S government . These factors have led to significant liquidations in crypto futures markets and cautious sentiment among traders .
Despite the slight rebound in Bitcoin‘s price , concerns about future economic conditions persist , with many predicting further declines before any substantial recovery . Source
