Back
Bitcoin and Ethereum Slip as Enjin Rises in CEX Trading Snapshot

Bitcoin and Ethereum Slip as Enjin Rises in CEX Trading Snapshot

Bitcoin rebounded above $76,000 as softer-than-expected U.S. producer inflation data, falling oil prices, and a broad risk-asset rally helped trigger heavy short liquidations across crypto markets.

BTC
ETH
CORE

Fact Check
The strongest concrete observation is that Odaily newsflash 476439 traces to https://sosovalue.com/assets/cryptoindex, which is consistent with the statement being about a CEX trading snapshot. However, neither the SoSoValue page nor the user-provided Odaily article could be fetched successfully in this run, and the X links also failed to return content. Web-search corroboration did not produce authoritative matches for the specific narrative that Bitcoin and Ethereum fell while Enjin rose, nor for the accompanying list of Iran-U.S. negotiations, WLFI controversy, Aave DAO approvals, ETF filings, funding news, and regulation updates. Given the lack of directly readable source content, the statement cannot be reliably verified or refuted from the available evidence.
    Reference: 1
Summary

Crypto markets extended their rebound as Bitcoin rose above $76,000 during early U.S. trading, supported by March U.S. Producer Price Index data that came in below economists’ forecasts, easing oil prices, and a parallel rally in equities. According to CoinGlass, total crypto liquidations surpassed $650 million, including about $514.94 million in short positions, with more than $100 million wiped out in a single hour. CryptoSlate data showed the broader crypto market added around $110 billion in value over 24 hours. The new report also adds macro details behind the move: headline PPI rose 4% year over year in March versus a 4.7% consensus estimate, monthly PPI increased 0.5% versus a 1.1% forecast, and core PPI was 3.8% against expectations of 4.2%. In equities, Bull Theory said U.S. indices added nearly $1.4 trillion over two days, while WTI crude fell 6% to $93 per barrel. Bitwise CIO Matt Hougan also said Bitcoin had gained 12% since Feb. 28, compared with a 1% decline for the S&P 500 and a 10% drop in gold, adding to debate over Bitcoin’s role during geopolitical stress.

Terms & Concepts
  • short squeeze: A sharp upward move that forces traders betting on lower prices to close positions, which can amplify gains through additional buying pressure.
  • Producer Price Index (PPI): A U.S. inflation measure tracking changes in prices received by producers; markets watch it for signals about inflation and Federal Reserve policy.
  • Core PPI: A version of PPI that excludes food and energy prices to give a clearer view of underlying inflation trends.