Rising Jobless Claims Eclipse Inflation Data as Recession Fears Resurface

Markets are ignoring a hotter-than-expected inflation report and instead turning their attention to the latest signs that the U.S. labor market is faltering — a shift in focus that points to growing concern about a deeper economic slowdown. Consumer prices rose a bit more than expected August, according to...
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HBAR Rises 5% Despite Volatile CPI Session

Hedera’s HBAR token saw a volatile 23-hour stretch between Sept. 10 and 11, swinging in a narrow 5% band between $0.23 and $0.24. The token dipped to its $0.23 support level early in the session before rebounding on heavier-than-usual trading volumes. Daily volume averaged 35.4 million, but activity surged...
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XLM Jumps 4.3% Amid Volatile Trading Session

XLM posted sharp swings in the latest 24-hour trading cycle, oscillating within a $0.017 band that marked a 4.3% fluctuation between $0.379 and $0.396. The token’s rally took shape around midnight on September 11, when prices climbed from $0.384 to a high of $0.396 by mid-morning. The upward push...
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78,229 ETH Vanishes From Kraken: Are Whales Prepping for the Next Rally?

Despite a brief pause in its trajectory, institutional appetite for Ethereum remains strong. In fact, a whopping $342 million worth of ETH has left a prominent cryptocurrency exchange. Such movements of funds are typically expected to have a bullish impact on ETH’s price. Supply Tightens According to an update...
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Bitcoin Holds At $114,000 As CPI Data Prints ‘Nothingburger’—What Now?

Bitcoin (CRYPTO: BTC) is holding around $114,000 after the latest inflation data release, sparking debate over whether more upside is ahead. What Happened: In his latest X post, trader Astronomer reiterated confidence that BTC set its cycle low at $110,000 in late August, citing confluences including the historic pattern...
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