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0852 GMT - Bitcoin trades steady, reversing much of its recent gains. The cryptocurrency rose in recent days on the prospect of the U.S. Federal Reserve cutting interest rates in a decision due Wednesday. However, investors are mindful that the Fed's forecasts and messaging might be cautious regardi…
Bitcoin edges higher as expectations for another interest-rate cut at the Federal Reserve's meeting on Wednesday supports risk appetite. "We expect the Fed to deliver a cut this week, but indicate that the subsequent cuts would be data dependent," Jefferies economist Mohit Kumar says in a note. Ther…
Expectations are rising for a rate cut at the upcoming Fed meeting, as traders on Polymarket are now almost certain the Federal Reserve will lower rates by 25 basis points. Just two weeks ago, the market was split on whether the Fed would act, but recent events and Fed comments have shifted sentimen…
Bitcoin has increased nearly 8% since last Friday, bouncing back from recent lows near $80,500. This rally comes as market odds for a Fed rate cut in December jumped.The recovery aligns with capitulation among short-term holders and one of Bitcoin’s largest-ever exchange outflow spikes, raising the…
Bitcoiners were noticeably more upbeat on social media today as the odds of a US Federal Reserve rate cut in December nearly doubled compared to just a day earlier.Some crypto market participants are speculating that this could be the catalyst Bitcoin (BTC) needs to halt the asset’s downward trend.“…
By Gertrude Chavez-Dreyfuss and Samuel Indyk Bitcoin dropped to its lowest level in six months on Friday, as a broad sell-off in risk assets deepened amid fading hopes that the Federal Reserve will cut U.S. interest rates at its upcoming policy meeting. Selling in U.S. equities, however, ease…
OG coin started the week strong, on pace for the third straight day of gains after last week’s bruising performance. 🚀 Bitcoin Breaks Higher in New WeekBitcoin climbed 3% Monday, reclaiming the $111,000 mark after last week’s 6% slump. Today’s move seeks to extend Bitcoin’s winning streak to thre…
Bitcoin extended its rally into October, breaking above $117,000 for the first time since mid-September as fresh U.S. labor market data boosted expectations of Federal Reserve rate cuts.The world’s largest cryptocurrency jumped more than 4% on the day, decisively shattering the $115,000 resistance z…
CITI BOOSTS STABLECOIN OUTLOOKCiti Research raises its forecast for stablecoin market size to $1.9 trillion by 2030 in its base case and $4.0 trillion in its bull case scenario, from its April estimate of $1.6 and $3.7 trillion respectively."Today we expect stronger stablecoin growth compared to 6-9…
The cryptocurrency market began the week with a notable downturn, as total sector capitalization dipped toward $3.8 trillion. Bitcoin (BTC), the leading cryptocurrency, experienced a significant correction, trading as low as $112,700. CoinGecko data shows that this decline had a ripple effect, causi…
The Federal Reserve announced today a cut in interest rates by 25 basis points, citing unsteady labor market conditions and increased inflation. For the typical American, these rate cuts mean lower borrowing costs and may be a positive catalyst for the crypto market. However, the decision also carri…
In line with most expectations and its hint last month, the US Federal Reserve made the first interest rate cut for 2025, reducing it by 25 bps.Most market commentators believed crypto and the rest of the financial markets had already priced in this cut, so it would be interesting to follow how BTC …