US EditionBitcoin price news: BTC adds to losses following Fed pause, Powell press conference
6 Articles
6 Articles
Bitcoin Chases $72K After Fed Decides To Hold Rates: Is BTC Selling Over? – #CryptoUpdatesGNIT
Bitcoin’s (BTC) bullish start to the week faced a halt on Wednesday, as BTC dropped 3.4% to $70,900 alongside an overarching sell-off in US stocks. The correction followed a hotter-than-expected Producer Price Index (PPI) report, which was 0.7% higher than the 3.4% year-on-year estimate. Despite the selling, data shows BTC spot market demand holding steady, with buyers stepping in to absorb the selling pressure and proof of this appetite being …
What to remember: The Fed maintains its rates at 3.50-3.75% for the second consecutive meeting, by a vote of 11:1. Bitcoin drops from almost 4% to $71,600, penalized by the Fed decision and the oil surge to $100. Powell conditions any rate drop to concrete progress on inflation, now projected to 2.7% in 2026. Bitcoin and shares dive after the Fed decision The bitcoin dropped from nearly 4% to $71,600 on Wednesday, following the decision of the F…
Fed Signals Reduced Rate Cut Prospects as Powell Flags Persi
Bitcoin muted its gains after the Fed’s interest rate decision and Powell’s cautious outlook. Powell warned that inflation remains elevated, citing energy and goods prices as key drivers. Continue Reading:Fed Signals Reduced Rate Cut Prospects as Powell Flags Persistent Inflation Risks The post Fe...
The Federal Reserve announced at 7 p.m. that it would leave the interest rates unchanged. Now the press conference of Fed CEO Jerome Powell will start. We will show his most important statements here in the LIVE blog. 8:18 p.m.: Press conference is over. 8:16 p.m.: I can't make any statement about the triggers for interest rate hikes. The expansion of data centers is probably driving inflation in [...] The post Fed CEO Powell in Press Conference…
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