Bitcoin dropped below $77,000 after Federal Reserve Governor Christopher Waller indicated a potential rate hike in October 2026 due to persistent inflation concerns. Traders now price a 25 basis point hike with about 40% probability at the October meeting. This hawkish shift comes amid record-low US consumer sentiment and rising inflation expectations, pressuring risk assets like Bitcoin. If energy prices remain high due to geopolitical tensions, the Fed may tighten further, impacting Bitcoin and broader markets.
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...
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, ref...
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 ...
