Interest rates, inflation, jobs and central-bank news — explained through the lens of Bitcoin.
Hotter-than-expected US inflation data killed hopes for near-term rate cuts, sending Bitcoin to its lowest level of the year and triggering $1.26 billion in forced liquidations. The inflation print confirms the Fed has no reason to ease anytime soon.
The Federal Reserve under new chair Kevin Warsh has dramatically scaled back signals about future rate cuts, removing an expected boost to Bitcoin and other assets. With the central bank signaling it will stay quieter and tighter for longer, there is less easy money flowing into crypto.
Bitcoin fell to $58K after US PCE inflation hit three-year highs, sparking $600 million in crypto liquidations.
PCE inflation hit three-year highs, flipping market expectations from rate cuts to a possible rate hike by October. This is the exact opposite environment Bitcoin has thrived in — rising rates tighten the money supply and push investors away from assets like crypto.
Bitcoin fell below $60,000 amid ETF outflows and hawkish Fed signals, raising concerns of further declines.
Bitcoin dropped below $59,000 after hotter-than-expected US PCE inflation triggered $1.26 billion in crypto liquidations.
Bitcoin's rebound to $60K reversed after sticky inflation data triggered $427M in long liquidations.
Bitcoin's rebound to $60K reversed after sticky inflation data triggered $427M in long liquidations.
Bitcoin fell below $60,000 amid ETF outflows and hawkish Fed signals, raising concerns of further declines.
The US Senate passed a housing bill that bans a Fed-issued CBDC through 2030, removing a potential competitor to Bitcoin.
The Senate passed a housing bill that blocks the Fed from issuing a CBDC until 2030, removing a key competitive threat to Bitcoin.
Congress passed a bill blocking the Federal Reserve from issuing a digital dollar until 2030 and sent it to Trump. A CBDC ban is broadly seen as positive for Bitcoin and private stablecoins since it removes a government-backed digital currency competitor.
The Federal Reserve held rates steady and signaled stronger inflation concerns, tightening liquidity for crypto markets.
Bitcoin fell over $2,000 after the FOMC meeting and a speech by Warsh, wiping out $400 million in positions.
Banking lobby group ICBA is pushing the Kansas City Fed to reassess Kraken's limited Fed account before its one-year term expires. The outcome will determine whether crypto firms can ever get direct access to the payments system — a structural question for the whole industry.
