Bitcoin ETF inflows remain weak amid Fed’s decision
Inflows into U.S. spot Bitcoin ETFs remain weak for the second consecutive day as the Federal Open Market Committee’s decision yesterday to keep interest rates unchanged weighs on investor sentiment. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $92.09 million in inflows on Jan. 29, continuing the weak inflow trend for the […]
Treasury yields and CPI data fuel market jitters before Fed’s next move
How will inflation, strong jobs data, and rising Treasury yields shape the Fed’s upcoming rate decision? The Federal Reserve’s Jan. 29 meeting looms large as markets eagerly await clarity on interest rate policy. With a 97.3% probability that rates will remain steady at 4.25%-4.5%, according to market forecasts, and just a slim 2.7% chance of […]
BitMEX’s Hayes predicts Bitcoin to peak soon as Fed’s tools near exhaustion
The Federal Reserve’s quantitative tightening and liquidity measures could drive Bitcoin to a late Q1 peak, BitMEX co-founder Arthur Hayes says. In his latest essay on Jan. 7, BitMEX co-founder Arthur Hayes predicts Bitcoin (BTC) will hit its peak by late March, pointing out the Fed’s challenges in keeping the market stable while pulling $180 […]
Bitcoin is a competitor to gold, not the US dollar, reiterates Fed’s Powell
US Federal Reserve Chair Jerome Powell also dismissed the idea that people see Bitcoin as a symbol of a lack of faith in the US dollar. Source link
Republican Senator proposed to buy more Bitcoin by selling The Fed’s gold
U.S. Senator Cynthia Lummis proposed a Bitcoin national strategic reserve by selling some of The Federal Reserve’s gold, rather than buying from government budget. Cynthia Lummis, a Republican Senator, plans to push President-elect Donald Trump’s masterplan for Bitcoin into reality. Lummis has mentioned, in an interview with Bloomberg, that some of The Federal Reserve’s gold […]
Bitcoin blips down as Fed’s Powell says no ‘hurry to lower rates’
Bitcoin’s price tumbled after United States Federal Reserve Chair Jerome Powell cast doubt on an interest rate cut in December. Source link
