Bitcoin slips, heads for monthly gains
Bitcoin Currency
Cryptocurrency prices were mixed during Wednesday’s trading as investors awaited US economic data and monitored developments related to the conflict in the Middle East.
Bitcoin, however, is on track to post a monthly gain of more than 7%, although it remains down around 5% year to date.
Investors are awaiting today the release of the US personal consumption expenditures (PCE) data, the Federal Reserve’s preferred inflation gauge, with expectations that it will remain unchanged year on year at 3.3% in August. Markets are also anticipating Friday’s non-farm payrolls data for signals on the future path of interest rates.
|
Changes in Cryptocurrency Prices |
|||
|
Cryptocurrency |
Price (USD) |
Change (USD) |
Change (%) |
|
Bitcoin |
83,375.39 |
(196.11) |
(0.24%) |
|
Ethereum |
2,672.85 |
(19.35) |
(0.72%) |
|
XRP |
1.5019 |
0.0056 |
(0.37%) |
*Prices as of 10:38 a.m. Makkah time.
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