Key Highlights: Market-implied expectations for a Federal Reserve interest-rate hike in October fell from approximately 70% to 50%. New York Fed President John Williams said there is “no need to rush” into another monetary policy move. Williams said inflation remains very high, while the Fed has had enough time to assess economic data since its ...
US Inflation Data Triggers Brief Bitcoin Dip Before Recovery Above $77,000 Bitcoin experienced a sharp but short-lived decline toward $76,000 following the release of the latest US Consumer Price Index (CPI) report, which showed underlying price pressures running slightly hotter than economists anticipated. The cryptocurrency quickly reversed course, reclaiming the $77,000 level, while Ethereum and ...
Bitcoin Price Spikes, Shrugs Off Hot US Inflation Data Bitcoin’s price rose on Friday despite data revealing that U.S. inflation had accelerated, defying typical market expectations that higher inflation would pressure risk assets. Bitcoin Trades Near $79,000 Amid Inflation Surprise The largest cryptocurrency by market capitalization was recently trading close to $78,749 after jumping 2% ...
Bitcoin’s Next Macro Catalyst: ECB Decision Could Weaken Dollar Without Easing Financing Conditions The European Central Bank’s September 10 policy decision may strengthen the euro and push the U.S. dollar index lower, offering potential relief to Bitcoin after its recent slide below $80,000. However, a currency-driven decline in the dollar index would provide limited evidence ...