Bitcoin climbs as Fed confirms “inflation is much too high”
No imminent 75bp rate hike assures leverage traders that rates will not spike in the short terms
Track crypto price watch updates, sharp market moves, key levels, and fast reactions to breaking developments across digital assets.
Jay Powell announces an increased pace to raise interest rates leading to a drop in crypto markets
The market price of bitcoin fell below $39,000 at the end of the Easter holidays, but has recovered since. Amidst continued volatility and sell pressure, there is also a strong undercurrent of persistent and robust demand.
Bitcoin, ether and other major cryptocurrencies have dropped sharply over the weekend, sending BTC below $39,000 and ether well below $3,000. Crypto is tightly correlated with general markets fearing the coming week.
Inflation in the U.S. has hit a 40 year high at 8.5% and Bitcoin reacts positively moving up on the news
Bitcoin may be pricing in high inflation numbers expected to be released April 12. The top cryptocurrency dropped 6% on the day as fears inflation will surpass 10%
Despite acquiring over 26,000 BTC over the last 30 days, Terra’s strategy to back UST with bitcoin couldn’t counterweight market sentiments over the U.S. Fed’s hawkish policy of hiking interest rates by 50 basis points.