Bitcoin faces fresh pressure after Fed’s hawkish rate hold: Analysts
Traders are pricing in a 78% chance of a December rate hike, while analysts say Treasury yields, the US dollar and upcoming inflation data could determine Bitcoin’s next move.
Traders are pricing in a 78% chance of a December rate hike, while analysts say Treasury yields, the US dollar and upcoming inflation data could determine Bitcoin’s next move.
For the second straight week, Bitcoin’s price closed below $83,000, a key support level to confirm a bullish trend. This confirms a fake-out, according to popular analyst Benjamin Cowen. The analyst…
TL;DR: Switzerland’s FINMA has approved its first Swiss-law retail exchange-traded fund that invests directly in Bitcoin. The official source also identifies specific limits or future steps, so…
Microsoft Copilot AI predicts a wildly unimaginable move for Bitcoin (BTC USD) could be in play starting this week, after the Federal Reserve’s October 28 FOMC meeting is done and dusted.Imagine that…
Bitcoin treasury company Datavault AI has disclosed that it has been unable to withdraw BTC held by crypto exchange Biconomy since requesting a transfer in June. The revelation saw the company’s…
Prospective borrowers face collateral liquidation risks if bitcoin prices drop, though APX said property and crypto collateral will be handled distinctly.
The Federal Reserve left its benchmark rate unchanged Wednesday, holding the federal funds target range at 3.75% to 4%. The bitcoin price showed some volatility around $81,000. The decision passed…
Michael Saylor’s MicroStrategy (now Strategy) has approved daily dividend payments across four preferred stocks, potentially reopening a major funding route for Bitcoin purchases after a week of…
In what was the most expected turn of events, the US Federal Reserve kept the interest rates unchanged after the first hike in over three years in September. However, the decision was not unanimous…
Three Things to Know Bitwise raised its long-term bitcoin target to $1.6 million by 2036 in a new institutional report. Bitcoin sits just under its 50-day average while momentum still leans toward…
Japan Bitcoin Industry has said that it will raise over 800 million yen by selling shares. The company intends to accept payment for its shares in Bitcoin only. The money from the share sale, as well…
Billionaire venture capitalist Tim Draper has predicted a seismic shift toward Bitcoin adoption, warning that the eventual abandonment of fiat currencies could trigger widespread bank runs.
The Federal Reserve left rates unchanged Wednesday in a 10-2 vote, with Governor Lisa Cook and Cleveland Fed President Beth Hammack favoring a hike.
The Federal Reserve (Fed) kept interest rates on hold at 3.75% to 4% on Wednesday. But two of its 12 voters wanted a hike, and they said so on the record. That split matters for anyone with a…
The number-one cryptocurrency by market capitalization rebounded 2% over the past 24 hours and briefly reclaimed $81,000. Some analysts think it may post a much more impressive short-term price…
Bitcoin failed to move past its 50-day simple moving average as market participants awaited the outcome of the FOMC meeting and key tech earnings.
The ECB still calls the deterioration moderate, while any Bitcoin impact depends on financing costs and investor risk budgets.
Galaxy Research found that nine hedge funds and banks cut 68,000 BTC worth of spot ETF exposure as the cash-and-carry trade dried up, while wealth platforms and sovereign funds added.