Live updates: Standard Chartered initiates ENA coverage, BTC tentative ahead of U.S. inflation data

Live updates: Standard Chartered initiates ENA coverage, BTC tentative ahead of U.S. inflation data

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Only 25% of S&P 500 stocks are now trading above their 50-day moving average, the lowest level since April 2, according to The Kobeissi Letter This marks a sharp deterioration in market breadth from 70% in mid-August.

The crypto market is still in relatively good shape.

macro event for Wednesday is the release of PCE inflation data, the Federal Reserve’s preferred inflation measure.

Core PCE, which excludes food and energy prices, is expected to rise 0.3% month over month and 3.3% year over year.

GDP growth is expected to come in at 1.5% quarter over quarter.

Bitcoin and gold are slightly higher on the day, trading at $83,700 and just below $4,200 an ounce, respectively.

Markets currently price a 57% probability that the Fed will leave interest rates unchanged at its Oct.

Standard Chartered has initiated coverage of Ethena’s ENA token with a price target of $2 by the end of 2028.

Analiz: Piyasa hareketliliği devam ediyor.