MNT, HASH Shine as Majors Await U.S. Inflation Report
The post MNT, HASH Shine as Majors Await U.S. Inflation Report appeared on BitcoinEthereumNews.com.
As crypto majors, including bitcoin BTC$115,458.76, await the U.S. CPI data, smaller coins like PUMP, AVAX and MNT have advanced 8%-11% in the past 24 hours. The biggest gainer among the top 100 tokens is Provenance Blockchain’s HASH token, which has surged 28%. On Tuesday, the Provenance Blockchain Foundation announced a model that will help maintain network balance by adjusting inflation rates dynamically based on ongoing conditions. This approach protects stakers by preventing dilution of their holdings, ensuring their investments retain value over time. It also offers extra rewards that create a genuine alignment of incentives between users and the blockchain, fostering long-term commitment and healthy network growth, the foundation explained on X. Market gains may accelerate if the CPI prints below estimates, strengthening the chance of a Federal Reserve rate cut. “If CPI data is dovish and pushes BTC above this level, it could trigger a short squeeze and accelerate a move into the 115,000+ liquidity zone,” analysts at Bitunix said in an email. “Conversely, if stronger-than-expected inflation drives [the] U.S. Dollar Index (DXY) higher and delays rate-cut expectations, 111,000 will be the first key support, with a potential retest of the 108,500–109,000 liquidity zone if it breaks.” Derivatives Positioning By Omkar Godbole Open interest (OI) in BTC futures and perpetual futures listed worldwide remains elevated at 736K BTC, just short of last month’s record high 748K BTC. In the past 24 hours the tally has remained relatively unchanged, alongside tentative trading in futures tied to altcoins, as traders adopted a cautious stance before today’s critical U.S. CPI report. Volmex’s one-day BTC implied volatility index continues to fluctuate within a months long range of 25% to 50%, indicating that the market is not anticipating significant volatility from the CPI announcement. The index recently stood at 35.50%, suggesting an expected one-day price…
Filed under: News - @ September 12, 2025 6:27 am