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Bitcoin recorded modest gains near $76,500 as US stocks rebounded after the Federal Reserve delivered its first interest-rate hike since July 2023, according to Cointelegraph.
Bitcoin made modest gains near $76,500 while US stocks rebounded after the Federal Reserve delivered its first interest-rate hike since July 2023, according to Cointelegraph.
Goldman Sachs revised its outlook and now expects the Federal Reserve to deliver another 25-basis-point rate hike in October. The bank said the Fed’s latest meeting was more hawkish than expected.
Record U.S. diesel prices could add to consumer inflation and reinforce expectations of further Federal Reserve rate hikes as the central bank responds to an oil supply shock. Bitcoin and gold are struggling.
Goldman expects the Federal Reserve to raise interest rates by 25 basis points in October, citing the central bank’s hawkish near-term rate projections, CoinDesk reports.
Peter Schiff said the Fed has already lost the inflation battle and argued that the bond market broke in 2020, with subsequent events representing a slow unwind. His comments came in a Bitcoin-versus-gold discussion reported by Bitcoin Magazine.
Theo has launched thSLVR, a tokenized silver product backed by $40 million in active leases. The platform says investors can maintain silver exposure while earning income from lending the metal to institutional borrowers.
A CLARITY victory could attract Bitcoin buyers, but CryptoSlate says oil prices and real yields may determine whether any recovery lasts, potentially leaving BTC constrained around $76,000.
Bitcoin gave back its entire post-golden-cross advance as markets awaited an afternoon Senate vote on the Clarity Act and faced the prospect of a Federal Reserve rate hike.
USDT was reportedly involved in a failed oil trade that cost a Polish energy giant $230 million in late 2023, according to the Financial Times. The transaction links stablecoin use with a major commodity-market deal.
Strike CEO Jack Mallers says the debate over Fed rate hikes versus cuts misses the key risk, arguing that either path could lead to inflation as US debt-to-GDP exceeds 120%.
Stack BTC, backed by Nigel Farage, plans to acquire a gold dealer for $16 million. The proposed deal would use cash flow from precious-metals sales to increase the company’s bitcoin holdings, CoinDesk reports.
Bitcoin fell back to $77,800 from $79,000 as the Senate prepared to vote on the Clarity Act. CoinDesk also noted rising oil prices, with Brent and WTI among the related market assets.
The FCA is working with the Treasury on a possible bespoke framework that would exempt tokenized gold from traditional fund rules, in an effort to support London’s gold market.
The UK FCA is seeking views on possible fund-rule exemptions for some tokenized gold products, warning that regulatory uncertainty could affect adoption and investor access.
Bitcoin rose above $77,000 as AI safety concerns pressured technology shares. Rising oil prices added to broader market pressure, according to CoinDesk.
Goldman Sachs has dropped its forecast that the Federal Reserve will hold rates next week, becoming the last major bank to do so. CoinDesk frames the debate as increasingly focused on Wall Street rather than inflation.
Decrypt reports that Bitcoin’s near-term technical outlook has changed as rate-hike bets strengthen. The cryptocurrency’s golden-cross signal is flickering off amid rapidly shifting expectations in the interest-rate market.
