{"id":41646,"date":"2025-08-12T06:31:45","date_gmt":"2025-08-12T06:31:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41646"},"modified":"2025-08-12T06:31:45","modified_gmt":"2025-08-12T06:31:45","slug":"bitcoin-traders-eye-135k-ether-4-8k-in-crosshairs-as-cpi-data-looms","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41646","title":{"rendered":"Bitcoin Traders Eye $135K, Ether $4.8K in Crosshairs as CPI Data Looms"},"content":{"rendered":"
\n

Crypto markets extended gains into Tuesday\u2019s U.S. inflation print, with bitcoin (BTC) holding above $118,000 after a 2.2% daily rise and ether (ETH) steady at $4,300, capping a 17.2% weekly surge that has it closing in on its $4,800 record.<\/p>\n

Gains were broad across majors as XRP (XRP) climbed 3.2% to above $3.16, Solana\u2019s SOL (SOL) rose 5.2% to $176, dogecoin (DOGE) rose 5.7% to 22 cents, and Binance\u2019s BNB (BNB) added 1.2% to $800.<\/p>\n

Lido\u2019s staked ether mirrored ETH\u2019s move with an 18% weekly gain. The global cryptocurrency market cap rose to $4 trillion, according to CoinGecko.<\/p>\n

This week\u2019s rally has flipped the usual dynamic, with altcoin strength dragging BTC higher instead of the other way around.<\/p>\n

\u201cThis is one of the few times when a rally in major altcoins has inspired BTC to break through,\u201d said Alex Kuptsikevich, chief market analyst at FxPro. He noted BTC has already cleared the $120,000 technical barrier, with \u201cthe bull\u2019s nearest target now looking to be the $135,000\u2013$138,000 area.\u201d<\/p>\n

ETH\u2019s outperformance has been bolstered by pro-crypto U.S. legislation and heavy ETF inflows.<\/p>\n

\u201cEthereum has gained over 21% in seven days and 45% in the last 30 days,\u201d Kuptsikevich said, adding that the token\u2019s on-chain activity and address growth are nearing historical highs. \u201cWe would not be surprised to see its $4,800 peak updated in the coming days.\u201d<\/p>\n

Macro correlations remain tight with the S&P 500 and Nasdaq are trading near records, shrugging off fresh U.S. tariffs and political drama.<\/p>\n

The consensus for today\u2019s CPI is a 10-basis-point uptick to 2.8% annual inflation. QCP Capital said in a client note that a softer reading \u201cwould likely lock in September rate cut expectations\u201d \u2014 now near 100% odds after dovish Fed commentary \u2014 while a hotter print could stall the rally.<\/p>\n

Derivatives flows show traders hedging CPI event risk, with front-end BTC puts in the $115,000 \u2013 $118,000 range seeing heavier demand, QCP said, even as short-call covering adds fuel to the upside.<\/p>\n

BTC ETF inflows and institutional positioning will be critical in determining whether resistance at $122,000 \u2013 $124,000 breaks before the week\u2019s end, the firm ended.<\/p>\n

Read more: ETH Transaction Volume Climbs on Price Rally, Cheaper DeFi Costs<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto markets extended gains into Tuesday\u2019s U.S. inflation print, with bitcoin (BTC) holding above $118,000 after a 2.2% daily rise and ether (ETH) steady at $4,300, capping a 17.2% weekly surge that has it closing in on its $4,800 record. Gains were broad across majors as XRP (XRP) climbed 3.2% to above $3.16, Solana\u2019s SOL […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41646","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41646"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41646\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}