Bitcoin Surges Past $80,000 as Fed Official Hints at Rate Hold

Bitcoin Surges Past $80,000 as Fed Official Hints at Rate Hold

Bitcoin ripped higher Thursday, briefly smashing through $80,000 for the first time in months. The move caught traders off guard. It came not from some fresh crypto headline but from a single comment out of Washington. Federal Reserve Governor Christopher Waller told a Reuters event that he leans toward keeping interest rates unchanged at the central bank’s mid-September meeting. He pointed to cooling inflation data. The three-month rate on the …

Bitcoin back above $80,000, but can it stay there? ETF demand, Fed rate outlook hold key

The cryptocurrency jumped as much as 4% on Thursday as stocks rose, Treasury yields fell and the dollar weakened after Federal Reserve Governor Christopher Waller signaled he would support keeping interest rates unchanged if inflation continues to ease.

Bitcoin Resumes Rally, Hits Past $82,000 as Risk Assets Surge on Softer Fed Signals

Bitcoin has resumed its upward momentum, surging past the $82,000 price level as a shift in Federal Reserve rate expectations boosted investor appetite for riskier assets. The cryptocurrency climbed more than 5% in a single day, rising from the mid-$77,000 range and briefly testing levels not seen since earlier in the year. The sharp move […]

Crypto stages major rally as Fed rate hopes send Bitcoin to four-month high

Bitcoin surged 6.8% to a four-month high near $82,200 after Fed Governor Waller signaled steady rates, as spot ETFs absorbed $731M in net

Bitcoin (BTC) Reclaims $80,000 As Fed Cools Rate Hike Expectations

Bitcoin is back above $80,000 after Fed Governor Christopher Waller cooled expectations for a September rate hike, with corporate buying and a weakening dollar adding support.

Bitcoin Jumps 6.8% to Four-Month High as Waller Eases Fed Rate-Hike Fears

Bitcoin surged to its highest level since May as softer Federal Reserve expectations weakened the dollar and lifted risk assets. Continue reading at DailyCoin.