Goldman Sachs has revised its monetary outlook, now forecasting a 25 basis point Federal Reserve rate hike in September following stronger-than-expected core inflation data for August. This shift reflects a growing consensus among major banks and has increased the probability of a rate hike to nearly 90%, according to CME FedWatch. Bitcoin is trading below $80,000 amid these changing expectations, with market attention focused on the upcoming Federal Open Market Committee (FOMC) meeting and its implications for future monetary policy. Technical signals for Bitcoin remain mixed, leaving investors cautious as they await clearer guidance from the Fed's decision.
Bitcoin dropped nearly 2% to $81,723, leading a broad decline in the crypto market which saw total capitalization fall over 5% to $2.78 trillion. Ether, XRP, BNB, Solana, and Dogecoin also experienced significant losses, with NEAR Protocol falling ov...
The crypto market experienced a sharp selloff with $1.13 billion in leveraged positions liquidated within 24 hours, causing Bitcoin to fall 3.3% to about $80,550 and Ether to drop 5.7% to around $2,413. Long positions accounted for the majority of li...
Bitcoin surged back above $81,000 following U.S. President Donald Trump's statement ruling out military attacks on Iran before the November 3 midterm elections. Trump described ongoing talks with Iran as productive but maintained the U.S. blockade, k...
NEAR Protocol (NEAR) saw the steepest drop among major cryptocurrencies, falling 15.58% to $4.58 amid widespread market losses over 24 hours ending Oct. 8. Out of the top 90 cryptocurrencies by market cap, 67 declined while 23 advanced. Other notable...
Bitcoin historically performs well in October, with only three negative Octobers since 2013. Recent data shows a 40% increase in stablecoin inflows to Binance, totaling around $40 billion, indicating large holders preparing for market moves. Institut...
