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#Interest rate hikes

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Bitcoin and XRP Drop as US PPI Inflation Hits 6.3% With Focus on Kevin Warsh Speech
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Bitcoin and XRP Drop as US PPI Inflation Hits 6.3% With Focus on Kevin Warsh Speech

Key Highlights Bitcoin and XRP experienced extended sell-offs on Thursday following the release of hotter-than-anticipated U.S. Producer Price Index (PPI) data. The wholesale inflation figures arrived immediately after an unexpectedly hot Consumer Price Index (CPI) print, heightening fears of sustained Federal Reserve interest rate hikes. Market participants across both equities and digital assets are bracing ...

3 min readRead
Bitcoin Plunges as Surging US Dollar and Doubling Rate Hike Odds Trigger Sell-Off
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Bitcoin Plunges as Surging US Dollar and Doubling Rate Hike Odds Trigger Sell-Off

Key Highlights: Headline Consumer Price Index (CPI) rose 0.6% month-over-month, propelled by a 9.1% surge in gasoline prices and an unexpected 0.3% uptick in core CPI. Bitcoin plunged to an intraday low of $81,588.88 on October 14 as macroeconomic data renewed fears of extended Federal Reserve interest rate hikes. Treasury yields climbed alongside the U.S. ...

4 min readRead
As US Inflation Pressures Bitcoin, Analysts Weigh Fed’s Next Move After CPI Data
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As US Inflation Pressures Bitcoin, Analysts Weigh Fed’s Next Move After CPI Data

Key Highlights: Hotter-than-expected Consumer Price Index (CPI) data has sharply elevated market expectations for Federal Reserve monetary policy tightening. CME FedWatch pricing shows the odds of an October 25-basis-point rate hike surging to 49.3%, while the likelihood of rates holding steady dropped to 50.7%. Bank of America analysts, as reported by CNBC, now forecast that ...

4 min readRead
Bitcoin Reaction as Critical US Inflation Data Is Released
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Bitcoin Reaction as Critical US Inflation Data Is Released

Key Highlights: U.S. headline CPI climbed 3.7% year-over-year in September, exceeding market forecasts of 3.6%. Core CPI also came in hot, rising 2.6% annually and 0.3% month-over-month against expectations of 2.5% and 0.2%, respectively. Higher inflation strengthens the prospect of prolonged tighter monetary policy from the Federal Reserve, raising concerns over short-term selling pressure on ...

4 min readRead
Bitcoin Bottom Signal vs. Fed Rate Expectations: Which Drives Market Direction? Two Analysts Weigh In
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Bitcoin Bottom Signal vs. Fed Rate Expectations: Which Drives Market Direction? Two Analysts Weigh In

Key Highlights On-chain analyst Willy Woo identifies a Fisher Transform golden cross on Bitcoin’s monthly chart, marking only the fourth such bottom signal in the asset’s history. Crypto analyst Murphy contends that interest rate hikes by the Federal Reserve and Bank of Japan are not inherently bearish for Bitcoin, emphasizing pace of tightening and market ...

5 min readRead
Bloomberg’s Mike McGlone Warns on Bitcoin, Reveals Condition to Save BTC
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Bloomberg’s Mike McGlone Warns on Bitcoin, Reveals Condition to Save BTC

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 ...

2 min readRead