Browsing: Bitcoin

Bitcoin came under fresh pressure after the U.S. Federal Reserve raised interest rates for the first time since July 2023.

The U.S. Federal Reserve has raised its benchmark interest rate by 25 basis points, taking the federal funds target range to 3.75% – 4%.

Bitcoin(CRYPTO: BTC) dropped below $76,000 as Ethereum(CRYPTO: ETH), Solana(CRYPTO: SOL) and Dogecoin(CRYPTO: DOGE) and XRP(CRYPTO: XRP) struggle to hold key levels after the Senate failed to advance the CLARITY Act and the Federal Reserve raised interest rates by 25 basis points.

Bitcoin faces a compressed volatility test as the Federal Reserve’s rate decision lands two days before a major IBIT options expiry.

Spot bitcoin ETFs have been part of the ETF landscape now for more than two years. Ever since the SEC approved their use, they’ve become an important toolset for ETF investors, drawing billions in inflows. Now, they may be poised for renewed interest, as monetary and market risks are growing. Bitcoin ETFs like the Fidelity…

Bitcoin bears have built a large pool of short positions above the current price after the U.S. Senate blocked further progress on the Clarity Act.

The bitcoin price prediction just picked up a new signal that most people missed. The U.S. House is about to vote on a bill that would lock the government’s 328,000 BTC for 20 years, per a White House adviser in May.

The crypto news that matters most this week is not about price charts. The House Financial Services Committee votes today on H.R. 8957, the bill that would lock 328,000 seized Bitcoin into a federal reserve for 20 years, per KuCoin. The Fed also gives its rate call today with hike odds at 87%, per CoinGabbar.

For the first time in three years, the United States Federal Reserve raised the benchmark interest rates by 25 bps.

U.S. spot Bitcoin funds saw their sharpest reversal in weeks on Sep. 15 as Washington delivered another dose of regulatory uncertainty.