Bitcoin is currently trading around $79,337, behaving like gold as investors hedge against inflation amid uncertainty over a potential Federal Reserve rate hike next week. CoinShares highlights mixed signals from Fed officials, with some favoring a rate increase due to inflation concerns and others suggesting rates may hold if inflation shows signs of easing. The market currently prices a 60.4% chance of a 25 basis point hike at the upcoming FOMC meeting. Bitcoin’s breakout above $80k depends on either a resolution to the Iran conflict easing inflation fears or worsening confidence in U.S. debt boosting demand for alternative stores of value. Key upcoming events include the August inflation report and the Fed meeting, which will clarify the Fed’s stance on inflation versus employment priorities.
Over the past seven days, centralized cryptocurrency exchanges experienced a combined net outflow of 14,978.95 Bitcoin (BTC). Binance led this trend with a significant outflow of 16,455.52 BTC, followed by Coinbase Pro with 4,034.39 BTC leaving the p...
Solana's network economics have improved, with token holder net income exceeding $400,000 for two consecutive weeks as SOL traded near $109 on October 11. This marks a recovery after three weeks of negative results, indicating that network activity g...
Strive raised about $55 million this week through its SATA preferred shares program, enough to buy nearly 638 bitcoins. However, the company's ability to continue this funding method depends on its stock price staying above the $100 nominal value. Si...
Two wallets reportedly exploited price swings on Hyperliquid by placing around $20 million in orders, shifting Ether prices slightly. They simultaneously opened large long positions on Papertrade, which uses Hyperliquid prices for settlement. This st...
Bitcoin balances on major exchanges remained stable over one day, with no net inflow recorded. However, weekly and monthly data show significant net outflows, indicating ongoing withdrawals from exchanges. Trading volume was highest during Asian hour...
