Fed raises rates by 25 basis points in first hike since July 2023
The widely expected move places the U.S. Federal Reserve’s benchmark fed funds rate range at 3.75%-4.0%.
Bitcoin News
Fed meeting is shaping up to be a nightmare for Warsh. Bitcoin might still shine
An aggressive market expectations trap and a strict aversion to forward guidance have backed the Fed chair into a corner, where failing to deliver a hawkish message risks destroying the central bank’s inflation-fighting credibility.
Bitcoin Suisse plans to cut up to half its Swiss jobs as it shifts work abroad
The company is closing its Copenhagen IT site while maintaining Bratislava and opening a new hub in Vietnam to reduce costs.
Bitcoin gets a green light from a reliable momentum gauge. Here are key levels to watch
A smoother long-term MACD just flipped bullish, pointing to more upside. Here are key levels that will decide if the ongoing bounce turns into a full blown uptrend.
Bitcoin’s quiet split: Strong in USD, lagging in JPY as Yen rises on intervention fears
A sharp rise in the yen has left bitcoin and other major cryptocurrencies underperforming in yen terms compared with their dollar-based trading pairs.
New Hampshire snuffs out trailblazing state-government bitcoin bond effort
At its last stage for government approval, the state’s executive council rejected the bond project 3-2.
Billions flowing out of bitcoin ETFs and private credit funds suggest rising market risks
Redemption requests in the $2 trillion private credit market surged to $15.6 billion in the second quarter, dwarfing bitcoin ETF outflows.
Bank of Japan may speed up rate hikes, pushing borrowing costs above 2%, ex-BOJ official warns
Former BOJ official issues interest-rate warning as yen continues to slide against the dollar.
Bitcoin under pressure as Trump says Iran ceasefire is over
Major cryptocurrencies are trading in the red as renewed U.S.-Iran airstrikes push oil higher.
Bitcoin’s U.S. reserve still a work-in-progress as federal agencies hash it out
The White House says it’s still evaluating the “best structure” for the federal fund to hold bitcoin as a long-term reserve and a separate stockpile of other crypto assets.