The Federal Reserve kept its benchmark interest rate steady at 3.50%-3.75%, but signaled a hawkish stance with projections showing rates could remain elevated through 2026 and beyond. Inflation forecasts were raised, reflecting ongoing supply disruptions and strong economic growth despite global uncertainties. Markets reacted negatively, with Bitcoin and major U.S. stock indexes falling after the announcement. Investors are closely watching new Fed Chair Kevin Warsh's comments for clues on future policy direction amid persistent inflation and strong labor conditions.
Traders have purchased $2.5 billion in bitcoin call spreads targeting a price of $72,000 by July 31, coinciding with the Federal Reserve's interest rate decision on July 29. This bull call spread strategy indicates moderate confidence in bitcoin's pr...
Bitcoin is trading near $64,000 after rebounding from a low of $62,516, consolidating in a tight range as volume declines. The cryptocurrency faces resistance at $64,500 to $65,500, with key support between $62,000 and $62,500. Technical indicators s...
Bitcoin rose slightly above $63,900 but with declining trading volume and persistent extreme fear among investors, indicating a cautious and fragile rebound rather than a strong trend reversal. Despite improving on-chain activity and a modest increas...
Former Binance CEO Changpeng Zhao highlighted Bitcoin's unique inflation protection due to its fixed supply of 21 million coins, contrasting it with AI companies that can dilute shares. He emphasized Bitcoin's role as a hedge against inflation amid r...
Bitcoin recovered to about $63,972 after midweek losses, influenced by a new AI model, Kimi K3, from Beijing's Moonshot AI that outperformed top models from OpenAI and Anthropic. This AI advancement challenges costly infrastructure assumptions, impac...
