Goldman expects the Fed to raise rates in October
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.
CoinDesk
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Peter Schiff Says the Fed Has Already Lost the Inflation Battle in Bitcoin-Gold Debate
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.
Bitcoin Magazine
Bitcoin Slides Ahead of Senate Clarity Act Vote and Fed Rate Decision
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.
Decrypt
Jack Mallers Says Fed Hikes or Cuts Could Still Fuel Inflation
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%.
Bitcoin Magazine
Nigel Farage-backed Stack BTC plans $16 million gold dealer acquisition
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.
CoinDesk
FCA weighs exemption for tokenized gold under fund rules
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.
CoinDesk
UK FCA Seeks Input on Fund-Rule Exemptions for Tokenized Gold
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.
Cointelegraph
Fed Rate Hike Debate Shifts Toward Wall Street Concerns
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.
CoinDesk
Bitcoin’s Golden Cross Signal Fades as Rate-Hike Bets Strengthen
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.
Decrypt
Bitcoin Pulls Back Despite Fresh Golden Cross Signal
Bitcoin has pulled back following another golden cross. CoinDesk reports that the signal may support the longer-term outlook, while historical patterns indicate much of the upside often arrives before the crossover appears.
CoinDesk
Bitcoin Rally Loses Momentum as Golden Cross Nears
Bitcoin’s rally has cooled amid an inflation-driven selloff, but its chart is nearing a golden cross—the first potential shift of this kind since November, according to Decrypt.
Decrypt
Bitcoin Holds Near $78,000 as Brent Tops $102 and Gold Falls Below $4,400
Bitcoin traded near $78,000 while Brent crude rose above $102 and gold fell below $4,400. Treasury yields climbed further, and technology futures weakened, according to CoinDesk.
CoinDesk
Bitcoin Holds Support as Oil Shock Puts Fed Rate Decision in Focus
Bitcoin is defending its “golden zone” support while the S&P 500 trades in a tight range. An oil shock has revived Fed hike expectations, with Friday’s inflation report due before the September 16 rate decision.
Decrypt
Bitcoin Daily Chart Records a Golden Cross
CoinDesk reports that Bitcoin’s daily chart has triggered a golden cross, a technical signal indicating the potential for a longer-term bullish trend in the cryptocurrency.
CoinDesk
Bitcoin Shows Less Reaction Than Gold to Treasury Yield Moves
CoinDesk says Bitcoin has shown a smaller reaction than gold when Treasury yields move. The Sept. 7 briefing also flags Chainlink and the MOVE index as related assets, without providing yield levels or price data.
CoinDesk
Bitcoin Faces $83,000 Resistance as Wallet Cohorts Turn to Net Selling
Bitcoin is meeting a sell wall near $83,000 as all wallet cohorts move into net distribution for the first time since early June. A potential golden cross provides a positive technical signal for bulls.
CoinDesk
Bitcoin Faces Selling Pressure at $83,000 as Wallet Cohorts Turn Distributive
Bitcoin is struggling near the $83,000 resistance level as all wallet cohorts enter net distribution for the first time since early June. A potential golden cross offers a contrasting bullish signal.
CoinDesk
Bitcoin-Gold Volatility Gap Narrows to Six-Year Low
Bitcoin and gold have reached their highest 90-day correlation since 2020, at about 0.55. Bitcoin volatility is 36.2% versus gold’s 25.3%, narrowing the volatility ratio to 1.43 times.
CryptoSlate