Jerome Powell
In a speech on Wednesday, the U.S. central bank’s chief Jerome Powell hinted at slowing rate hikes starting in December. The #crypto
market response was positive, showing an overall 3.11% increase against the U.S. #dollar
.
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First Mover Americas: Bitcoin Price Bounces as Halving Nears
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Bitcoin Spot ETFs Register Five-Day Withdrawals Streak Ahead of Halving
The U.S. spot ETFs lost $4.3 million in outflows on Thursday, taking the five-day tally to over $319 million. GBTC again led the outflows, while inflows into BlackRock's IBIT continued to slow. The U.S.-based spot bitcoin {{BTC}} exchange-tra...
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Polymarket Traders See 32% Chance of No Fed Rate Cuts This Year
Traders on Polymarket now put the probability of the Fed holding rates steady in 2024 at 32%, compared to 7% in March. Traditional markets have scaled back expectations to two 25 basis points rate cuts from six in early January. The probabili...
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Bitcoin Dips Below $60K as Israel Launches Strike on Iran
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Bitcoin Halving Is Not a Bullish Event, Says 10x Research Analyst
Bitcoin could drop to as low as $50,000 over the next few weeks as the macroeconomic uncertainty looms over the crypto market, said Markus Thielen, co-founder of 10x Research. Even the halving, which takes place on Saturday, might not drive the...