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.
A Bitcoin whale made $1.36 million through eight successful short trades over 20 days. Following this, the whale executed three large trades totaling nearly $25 million in a single day, with exit plans prearranged. This activity suggests a strategic ...
Significant Bitcoin transfers into Fidelity and BlackRock ETF wallets, totaling over $54 million, indicate renewed institutional interest despite recent price weakness. Additionally, 40 new wallets withdrew approximately 9,458 BTC worth $771.5 millio...
Technology stocks and Bitcoin declined sharply as investors moved toward safer assets like U.S. Treasurys, causing the 10-year Treasury yield to drop below 5%. The Philadelphia Semiconductor Index fell 6.7%, and the Nasdaq Composite dropped 2.6%, mar...
Bitcoin's price climbed back above the key $80,000 level after ETF inflows returned on October 19, signaling renewed investor interest despite subdued trading activity. U.S. spot Bitcoin ETFs and corporate treasury holdings have average cost bases ne...
Bitcoin, Ether, and XRP all rebounded on Friday following a pullback that tested important chart support levels. Bitcoin found support near its 50-day, 100-day, and 200-day moving averages, with resistance around $85,000. Ether showed support near $2...
