Bitcoin rose 1% to just above $86,000 early Monday after a weak U.S. jobs report pushed traders to drop bets on an October Federal Reserve rate hike. DOGE led the majors with a gain of more than 3%, and HYPE rose nearly 3% to about… Read More
Crypto markets are demonstrating robust resilience to start the week, with bitcoin approaching the $84,000 threshold, for the time being at least shrugging off the immediate hawkish sentiment from last week’s Federal Reserve rate hike, which pushed the benchmark target to 4.00%. The macro calendar… Read More
Traders could look past an expected Fed hike and weigh what higher rates are signaling about the economy.
Every major is red ahead of the August inflation print. Bitcoin is down 5% on the week and zcash fell 10% on the day.
BTC fell on Friday and Treasury yields rose, but the hawkish market reaction looks overdone when compared to the largely steady Fed rate hike odds.
The Bank of Japan (BoJ) is expected to raise interest rates for the first time since January, increasing the policy rate by 25 basis points to 0.75% from 0.50%, according to Nikkei. The decision, which is expected on Dec. 19, would take Japanese interest rates… Read More
