WorldPingBitcoin showed little immediate reaction to the Fed’s first rate increase since 2023, but 16 of 18 officials expect at least one more hike before the end of the year.
This is a short WorldPing brief. The full report was published by Cointelegraph.
Read the full report at CointelegraphMore coverage: all crypto & markets news on WorldPing.
WorldPingBitcoin fell to an intraday low of $75,064.82 on Sept. 16, but recovered and reclaimed the $76,000 zone after Fed Chair Kevin Warsh's press conference wrapped up. The S&P 500 fell roughly 0.7%, the Dow dropped 1.2%, and the 2-year Treasury yield climbed to 4.
Brief by WorldPing · Original reporting by CryptoSlate
WorldPingBitcoin corporate treasuries remained at an unrealized loss on their holdings as the price fell below $80,000 and fresh capital inflows dwindled.
Brief by WorldPing · Original reporting by Cointelegraph
WorldPingBitcoin’s drawdown mirrors its position before the Fed’s first hike in March 2022, raising questions over whether a relief rally could precede further losses.
Brief by WorldPing · Original reporting by CoinDesk
WorldPingThe short answer, if you’re looking at the CLARITY Act as it is and not at the speculative sentiment around it in the market, is — not really.
Brief by WorldPing · Original reporting by Bitcoin.com
WorldPingRecord diesel prices could feed through to consumer price inflation, confirming more Fed rate hikes. The central bank appears determined to raise rates into a oil supply shock.
Brief by WorldPing · Original reporting by CoinDesk
WorldPingBitcoin traded above $76,000 as the Fed projected limited further tightening, while Paradigm’s Matt Huang discussed Zcash’s role as a privacy complement to bitcoin.
Brief by WorldPing · Original reporting by CoinDesk
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