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 traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
