At its June 17 meeting, the Federal Reserve under new Chair Kevin Warsh kept interest rates steady at 3.50%-3.75% but eliminated forward guidance, ending decades of signaling future rate moves. This shift means markets must now react to incoming data rather than Fed hints, creating uncertainty especially for risk assets like Bitcoin, which dropped to around $62,236. Warsh also announced five new task forces to review Fed policies and communications, with findings expected by year-end. The next key data point will be the upcoming PCE inflation report, which will test the Fed's new approach amid ongoing geopolitical and economic challenges.
Bitcoin fell 5% to around $62,000 after a U.S.-Iran peace agreement erased earlier gains in the cryptocurrency market. The drop caused the total crypto market cap to fall 4.3% to $2.24 trillion. While global stocks rose following the peace deal, bitc...
Bitcoin and other major cryptocurrencies dropped sharply despite a crash in oil prices following US-Iran peace news. Normally, lower oil prices ease inflation fears and boost risk assets like crypto by supporting expectations for interest rate cuts. ...
Bitcoin and Ethereum prices fell following the Federal Reserve's recent policy announcement, with Bitcoin around $64,900 and Ethereum near $1,760. The Fed's decision has reduced market confidence in these cryptocurrencies reaching higher price target...
Bitcoin, Ethereum, and several other major cryptocurrencies experienced significant price declines exceeding 5% in a recent market downturn. Bitcoin fell to around $62,488, while Ethereum dropped to about $1,679. This widespread sell-off reflects inc...
Bitcoin fell nearly 3% to around $63,000 following stronger-than-expected US labor market data, which reinforced the Federal Reserve's hawkish stance and lowered expectations for near-term interest rate cuts. Technical indicators turned bearish as Bi...
