Tehran – BORNA – Bitcoin and Ethereum continued their downward trajectory on Saturday, extending losses from the past week as investors reacted to new U.S. inflation data and broader risk-off sentiment in global markets.
According to the U.S. Bureau of Economic Analysis (BEA), the Personal Consumption Expenditures (PCE) index rose 0.5% in July. On a monthly basis, PCE climbed 0.2%, while the annual figure showed a 2.6% increase, in line with expectations. The data fueled concerns that the Federal Reserve may keep interest rates elevated for longer, pressuring risk assets, including cryptocurrencies.
Data from CoinMarketCap showed that Bitcoin was trading at $108,292.43 at the time of publication, down 2.44% over the past 24 hours and 6.45% compared to the previous week. Earlier in the day, Bitcoin had touched $108,186.53. Analysts note that maintaining levels above $112,000 remains crucial for Bitcoin’s near-term support.
Latest Prices of Top 10 Cryptocurrencies (Saturday Update)
Bitcoin (BTC) – $108,292.43
24h Change: -2.44%
7d Change: -6.45%
Ethereum (ETH) – $4,388.59
24h Change: -1.47%
7d Change: -7.53%
Ripple (XRP) – $2.82
24h Change: -2.28%
7d Change: -7.40%
Tether (USDT) – $1.00
24h Change: 0.00%
7d Change: +0.06%
Binance Coin (BNB) – $860.44
24h Change: -0.82%
7d Change: -3.18%
Solana (SOL) – $205.65
24h Change: -3.46%
7d Change: -0.23%
USD Coin (USDC) – $0.9998
24h Change: +0.00%
7d Change: -0.01%
Dogecoin (DOGE) – $0.2167
24h Change: -0.83%
7d Change: -8.78%
Tron (TRX) – $0.3396
24h Change: -1.12%
7d Change: -6.12%
Cardano (ADA) – $0.8370
24h Change: -0.21%
7d Change: -9.98%
Analyst View
Market strategists warn that crypto prices are likely to remain volatile as long as the Fed signals tighter-for-longer monetary policy. “The market needs clear evidence of inflation easing before risk appetite returns,” one analyst told Borna. “Until then, Bitcoin will struggle to hold above key support levels, and sentiment may remain cautious across the broader digital asset sector.”
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