{"id":403550,"date":"2025-08-30T21:51:49","date_gmt":"2025-08-30T16:21:49","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-slips-under-109000-as-us-inflation-data-weighs-on-sentiment-crypto-news\/"},"modified":"2025-08-30T22:12:43","modified_gmt":"2025-08-30T16:42:43","slug":"bitcoin-slips-under-109000-as-us-inflation-data-weighs-on-sentiment-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-slips-under-109000-as-us-inflation-data-weighs-on-sentiment-crypto-news\/","title":{"rendered":"Bitcoin Slips Under $109,000 as US Inflation Data Weighs on Sentiment – Crypto News"},"content":{"rendered":"

<\/p>\n

Ethereum and major altcoins dropped as markets reacted to softening consumer spending and steady inflation.<\/p>\n

\n

Crypto markets pulled back on Friday, with total capitalization dropping 3.5% over the past 24 hours to $3.83 trillion as broader macro concerns weighed on risk assets.<\/p>\n

Bitcoin (BTC<\/a>) fell 3.8% to $108,383, while Ethereum (ETH<\/a>) dropped 4.5% to $4,340. XRP (XRP<\/a>) declined 5.3% to $2.84, and BNB (BNB<\/a>) dropped 1.3% to $860.26. Solana (SOL<\/a>) edged down 1.3% to $209.17, capping a 16% gain over the past week.<\/p>\n

BTC Chart<\/figcaption><\/figure>\n

Two new Bitcoin ecosystem tokens hit the market this week, although with different results. Bitlayer, trying to supercharge Bitcoin with BitVM<\/a>, has already cooled off, down over 30%.<\/p>\n

On the other hand, Hemi, which blends Bitcoin security<\/a> with Ethereum-style smart contracts, jumped nearly 28% on its launch, according to data from CoinGecko.<\/p>\n

Leveraged positions took a beating as the market reacted to the latest PCE data, with about $543 million liquidated on Friday. ETH traders took the biggest hit at $183 million, while BTC accounted for $131 million, and SOL saw about $44 million liquidated, according to CoinGlass.<\/p>\n

ETF Flows and Macro Update<\/h2>\n

On the institutional side, spot Ethereum ETFs added over $39 million on Thursday, Aug. 28, bringing total net assets to $29.5 billion, while Bitcoin ETFs added $179 million, raising total holdings to $145 billion.<\/p>\n

Looking at the week as a whole, spot ETH ETFs recorded $1.25 billion in net inflows and BTC ETFs brought in $567.35 million, showing continued steady demand from institutional investors despite the market volatility.<\/p>\n

<\/p>\n

\"PCI
PCI price indexes – BEA<\/figcaption><\/figure>\n

<\/a><\/p>\n

Meanwhile, U.S. stock markets fell after August data suggested inflation is sticking around. Core PCE, a key measure watched by the Fed, was up 2.9%<\/a> year-over-year, a bit higher than expected, while prices rose 0.2% from July.<\/p>\n

Consumer spending rose 0.5% in July, the strongest gain in four months. Still, with inflation holding steady and spending slowing, the Fed is likely to remain cautious as it heads into its September meeting.<\/p>\n

As the Wall Street Journal reported<\/a>, some analysts still believe a rate cut is on the table, although persistent inflation could alter that stance.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum and major altcoins dropped as markets reacted to softening consumer spending and steady inflation. Crypto markets pulled back on Friday, with total capitalization dropping 3.5% over the past 24 hours to $3.83 trillion as broader macro concerns weighed on risk assets. Bitcoin (BTC) fell 3.8% to $108,383, while Ethereum (ETH) dropped 4.5% to $4,340. […]<\/p>\n","protected":false},"author":2,"featured_media":403551,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-403550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/403550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=403550"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/403550\/revisions"}],"predecessor-version":[{"id":403552,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/403550\/revisions\/403552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/403551"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=403550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=403550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=403550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}