The Fed decided to raise interest rates by 25 basis points. A 25 basis point rate increase was also expected. Bitcoin’s initial reaction was as follows: Now all eyes are on the press conference by FED Chairman Kevin Warsh, which will begin at 9:30 PM. In the US, inflation remaining above the Fed’s 2% target
Jiang Zhuoer, founder of the B.TOP mining pool, suggested that the cryptocurrency market could experience a decline followed by a rise after the Fed’s interest rate decision. According to Zhuoer, Bitcoin ($BTC) could test below $75,000 before recovering to the $83,000-$84,000 region. Jiang Zhuoer stated that the Fed will announce its interest rate decision today
While the Fed is expected to raise interest rates today, Wall Street’s focus is on the messages that Fed Chairman Kevin Warsh will deliver after the decision. Major banks expect Warsh to maintain a cautious but tight stance in the fight against inflation, and will be closely watching any signals he gives regarding the timing
While many cryptocurrencies navigate a mixed market, the Solana blockchain is standing out with its innovative projects. Recently, Phygitals launched a tokenized magazine based on One Piece, leveraging Solana’s technology to reshape digital collectibles. Additionally, growing interest in tokenized AI stocks is drawing attention to the Solana ecosystem, indicating a shift in investment strategies. For
Bitcoin has fallen to around $75,600 over the past 24 hours as the failed US Senate vote on the CLARITY Act, rising Treasury yields and leveraged liquidations hit the market hours before the Federal Reserve’s interest rate decision. Per CoinGecko data at press time, $BTC was trading at $75,601 down 1.3% over 24 hours and
Bitcoin returned to the $75,000 support zone after the U.S. Senate failed to advance the CLARITY Act, while risk-off pressure hit crypto markets. The Senate rejected cloture on H.R. 3633 by 49-50, falling short of the three-fifths threshold required to advance the bill. As the vote appeared headed for failure, Bitcoin fell more than 5%,
As the countdown continues for the Fed’s September interest rate decision, the prevailing market expectation is for a 25 basis point rate hike. Market forecasts are pricing in an 88-90% probability of a Fed rate increase, and besides the decision itself, investors will also focus on the messages from Fed Chairman Kevin Warsh and the
Anchorage Digital Bank, the first federally chartered crypto bank in the US, has added custody support for Etherlink and seven assets on the Tezos layer-2 network, including xU3O8, a token representing physical uranium. The other supported assets include wrapped XTZ (WXTZ), liquid staking token stXTZ, stablecoins USDT, USDC and USDSM, and wrapped Ether (WETH), according
Cosmos has unveiled its Partner Network, which unites 17 organizations aiming to accelerate digital asset initiatives for financial institutions. This move, highlighted in a tweet by @cosmos, signifies a strategic collaboration that could reshape the landscape of financial services. The implications of this partnership could extend beyond mere innovation, potentially influencing adoption rates in the
Bitcoin is gaining market share as $BTC dominance holds near 59.46%, while TOTAL2 has fallen toward $1.04 trillion. This divergence confirms stronger relative performance for Bitcoin, although it does not prove that fresh capital is flowing directly into $BTC. TradingView calculates $BTC dominance by dividing Bitcoin’s market capitalization by the total value of its top