Bitcoin maintained its position near pre-announcement levels around $76,000 on Wednesday, showing minimal immediate reaction to the U.S. Federal Reserve’s decision to raise its benchmark interest rate for the first time since 2023. Fed Raises Rates by 25 Basis Points The Federal Open Market Committee voted unanimously to increase rates by 25 basis points, setting ...
Goldman Sachs Revises Fed Rate Forecast, Now Expects October Hike Goldman Sachs has executed a significant reversal in its Federal Reserve policy outlook, now projecting that the central bank will raise its benchmark interest rate once more in October. This new forecast marks a 180-degree pivot from the firm’s previous expectation of a September hike ...
Fed Rate Decision Looms as Key Catalyst for Gold Price Direction The Federal Reserve’s September 16 interest rate decision stands as the pivotal event for gold markets this week, with traders closely monitoring XAUUSD for signs of a decisive breakout or rejection following the FOMC announcement. Gold has rebounded from the $4,300 level to trade ...
The Digital Asset Market Clarity Act failed to advance in the U.S. Senate on Tuesday, falling short of the 60-vote threshold required to proceed. The procedural vote tally stood at 49 in favor and 50 against, effectively stalling the comprehensive regulatory framework for digital assets. The outcome triggered immediate sell-offs across Bitcoin and altcoin markets. ...
Fed Expected to Raise Rates by 25 Basis Points Crypto markets are already under pressure ahead of today’s Federal Open Market Committee (FOMC) meeting, with Bitcoin trading below $75,000. The Fed is widely expected to raise rates by 25 basis points, a move that is largely priced in. Traders are now focused on Chair Kevin ...
Bitcoin Coinbase Premium Slumps to Four-Week Low as U.S. Demand Weakens Bitcoin’s Coinbase premium has dropped to its lowest level in four weeks, signaling fading U.S. buying pressure as traders digest a legislative setback for the crypto industry and brace for tighter monetary policy. Coinbase Premium Turns Negative The premium measures the price gap between ...
Bitcoin Recovers 3% to $79,143 as Trump Signals Iran Diplomacy, but Geopolitical Risks Persist Bitcoin ($BTC) climbed approximately 3% to $79,143 on Monday after briefly touching $79,325, buoyed by comments from U.S. President Donald Trump suggesting Iran wants to reach a deal with Washington. The recovery comes despite conflicting statements from Tehran and ongoing military ...
A pivotal week is unfolding for Bitcoin and the broader cryptocurrency market, with a convergence of major financial events and key technical setups drawing intense trader focus. The calendar kicks off on September 15 with the highly anticipated Clarity Act vote, followed by the Federal Reserve’s interest rate decision on Wednesday. Against this macroeconomic backdrop, ...
Stock futures declined early Monday as investors digested a significant shift in the artificial intelligence initial public offering pipeline amid mounting safety concerns, while oil prices surged following a critical pipeline closure in the Middle East. Equity Futures Slide on AI Sector Uncertainty S&P 500 futures lost 0.6% as of 3:06 a.m. ET, while Nasdaq-100 ...
Bloomberg Intelligence senior commodities strategist Mike McGlone has warned that elevated equity valuations and expectations of further Federal Reserve interest rate hikes are generating strong sell signals for Bitcoin. Bitcoin’s Risk-Adjusted Returns Under Scrutiny McGlone noted that Bitcoin’s performance over the past five years has roughly matched the S&P 500 index, but with approximately three ...
IEA Cuts 2026 Oil Supply Forecast, Pushes Full Gulf Recovery to 2027 The International Energy Agency (IEA) has lowered its 2026 global oil supply projection and now expects a full recovery of Gulf exports only in 2027, a timeline that could delay energy-driven relief in borrowing costs for leveraged Bitcoin investors. Supply and Demand Both ...
Bitcoin, Ethereum, and XRP are bracing for a fresh macroeconomic headwind as market-implied odds of a Federal Reserve rate hike at the September 16 Federal Open Market Committee (FOMC) meeting have climbed sharply. Bitcoin Faces Key Test Ahead of September FOMC Decision According to the CME FedWatch Tool, the probability of a 25-basis-point increase has ...