Kevin Warsh was narrowly confirmed as the new Federal Reserve chair amid declining confidence in the Fed's ability to control inflation, with inflation expectations rising to 4.8%. Bitcoin has struggled to break past the $77,000 resistance level, reflecting market uncertainty and cautious investor sentiment, as indicated by a low Fear and Greed Index reading of 28. Warsh's hawkish reputation and the delicate balance of interest rate policy create a challenging environment for both traditional and crypto markets. Investors should watch inflation expectations and Bitcoin's price action closely for signals on market direction.
Cryptocurrency prices display mixed trends with Bitcoin down by 0.54% at $76,763 and Ethereum down 0.63% at $2,118.79. Meanwhile, several altcoins like BNB, DOGE, LINK, and NEAR show gains, with NEAR rising significantly by 21.66%. These fluctuations...
US one-year inflation expectations increased to 4.8% in May, up from previous readings, signaling persistent inflation concerns. This rise challenges the idea that Bitcoin acts as a reliable hedge against inflation, as studies show it behaves more li...
The CLARITY Act, which could regulate cryptocurrencies including Bitcoin, has a 70% chance of passing before the August recess, according to Galaxy Digital's Alex Thorn. The bill has bipartisan support but faces challenges over ethics provisions rest...
Bitcoin and Ethereum prices remained stable over the weekend, with Bitcoin trading between $76,100 and $78,000 and Ethereum struggling to break out, indicating low volatility in major cryptocurrencies. Meanwhile, AI-focused tokens like Near Protocol ...
XRP ETFs attracted $42 million in net inflows over the past week, while Bitcoin ETFs experienced a significant outflow of $1.4 billion. This suggests investors are rotating their crypto exposure, favoring XRP amid pressure on Bitcoin and Ethereum pro...
