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Following a fast 20% rally beginning in mid-June mostly thanks to excitement surrounding BlackRock’s filing for a spot Bitcoin ETF, the price of BTC has stalled during July – at least in part due to the realization that the Fed would indeed begin lifting interest rates again. After trading as
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Bitcoin shifted toward $30,000 on July 26 as the Federal Reserve delivered a fresh interest rate hike.BTC/USD 1-hour chart. Source: TradingViewBitcoin tames volatility ahead of Powell press conferenceData from Cointelegraph Markets Pro and TradingView showed Bitcoin's (BTC) price performance strengthening after the Federal Open Market Committee (FOMC) took rates 0.25% higher.While still
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Crypto markets have been curiously resistant to the latest macroeconomic utterances. With a few blips, bitcoin has been trading in a range between $29,000 and $31,500 for much of the past two months. It was recently changing hands at $29,100, down more than 3% over the past 24 hours. "It
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PLUS: A candidate to become Thailand's next Prime Minister owns bitcoin, ether, BNB and ADA. Here's why the disclosure by Pita Limjaroenrat matters. Source
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This week's main event comes Friday morning at 8:30 am ET, with the U.S. Nonfarm Payrolls report for June. This gauge has topped expectations for an astounding 14 consecutive months, continuing to show strength in the face of surging interest rates that many had expected by now would have slowed
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Looking to tame inflation, which then was running at an annual pace of more than 8%, the Fed began tightening monetary policy in March 2022, eventually hiking rates for 10 consecutive meetings and bringing the fed funds rate from 0-0.25% to the current 5.0-5.25%. Inflation has been gradually slowing over
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The largest cryptocurrency held its perch where it spent much of the previous three days. Original Source
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Bitcoin (BTC) and Ether (ETH) are due volatility — but not thanks to “toothless” United States regulators, new analysis says.In its latest market update on June 9, trading firm QCP Capital told market participants to gear up for macro-fueled price action for BTC and ETH.Related: Why is Bitcoin price stuck?QCP Capital:
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Bitcoin was recently trading at about $26,440, off roughly 3% over the past 24 hours and near its lowest level since May 12 when the largest cryptocurrency by market capitalization dipped below $26,000. In this period, BTC has been slogging through low trading volume and volatility as markets wrestle with
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The Fed, however, is fighting a two-front war, with its rate hikes possibly having helped expose balance sheet issues at a number of U.S. banks. This past weekend saw the latest in a series of lender failures, with the nation's 12th-largest bank by assets, First Republic (FRC), requiring a joint
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