Bitcoin's(BTC) Post-Fed Price Bounce Echoes the Start of the 2022 Bear Market: Crypto Daily
Bitcoin held near $76,000 as traders priced in a 25-basis-point Fed hike, while 16 of 18 officials signaled at least one more increase this year.
- On Wednesday, the Federal Reserve voted unanimously to raise interest rates by 0.25% to a target range of 3.75% to 4%, marking the first increase since 2023.
- CME FedWatch data showed a 93% probability of the hike before the announcement, while the Senate's failure to advance the CLARITY Act dampened sentiment ahead of the decision.
- Bitcoin stabilized near $76,500 following the announcement despite perpetual futures showing net selling of approximately $82 million in Bitcoin and $68 million in Ether.
- Fed Chairman Kevin Warsh maintained a hawkish outlook, with 16 of 18 officials projecting at least one additional rate increase this year, a stance analysts described as 'higher for longer'.
- Inflation remains significantly above the 2% target, forcing the policy shift despite pressure from President Donald Trump, who has repeatedly demanded that the U.S. maintain lower interest rates.
46 Articles
46 Articles
Bitcoin near $76,000 as Fed hikes rates; hawkish tone and $592 million ETF outflows pressure crypto
Bitcoin traded near $76,000 after the Federal Reserve raised rates by 25 basis points, while Bitcoin and Ethereum ETFs saw nearly $592 million in combined outflows. Crypto prices remained resilient, though analysts flagged cautious technical structures and hawkish monetary policy signals.
Bitcoin Holds $76K After Fed Rate Hike
Bitcoin held near its pre-Fed announcement levels of around $76,000 on Wednesday despite the US Federal Reserve raising its benchmark interest rate for the first time since 2023 to address persistently high inflation. The Fed’s Federal Open Market Committee on Wednesday voted unanimously to raise rates by 25 basis points to a target range of […]
Bitcoin Faces ‘Double Whammy’ After Bill Rejection, Rate Hike
The Clarity Act was supposed to deliver the next catalyst for a battered crypto market whose adherents were pinning their hopes on a rescue out of Washington. The breakthrough never materialized and the industry is now dealing with a pile-up of headwinds.
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