Bitcoin fell below $80,000 as strong US jobs data increases the chances of another interest rate hike. Markets now estimate the chance of a Federal Reserve rate hike on September 16 at around 60%. According to the recent Bitfinex Alpha report, the United States added 162,000 jobs in August, while unemployment remained at 4.1%. Data … Read more
Bitcoin recovers $80,000 amid dovish Fed signal | Without a bank BTC hit $80,000 again after Fed Governor Waller said he may support holding rates at the next FOMC meeting. Bitcoin has recovered ground above $80,000 today, September 3, rising from the mid-$77,000s this morning to an intraday high above $81,000 at the time of … Read more
Stock market traders are pricing in a high probability that the Federal Reserve will keep rates steady at its July meeting, with the probability increasing to 94% after weaker inflation data improved the market’s macroeconomic mood. This is important for Bitcoin because rate expectations remain one of the most important forces shaping risk appetite. When … Read more