Search results for Beth Hammack
Crypto
Fed chair \'no inflation easing\' comment rattles markets; bitcoin slips below $64,000
Bitcoin rose above $64,400 right after the U.S. Federal Reserve kept its policy rate unchanged, but slid back below $64,000 after Fed Chair Kevin Warsh’s hawkish remarks. Over 24 hours, it was up just 0.13%. The Fed held rates at 3.50 to 3.75%, with three FOMC members dissenting for a 25-basis-point hike. Other major crypto prices were mostly rangebound, while risk assets faced pressure from higher oil prices and rising U.S. Treasury yields.
Crypto
Fed minutes signal higher rates for longer, pressuring bitcoin sentiment
Hawkish U.S. Federal Reserve minutes raised concerns that interest rates could remain at elevated levels for longer than expected, increasing pressure on risk assets such as bitcoin. The minutes of the April 28 to 29 meeting showed many officials wanted to remove any easing bias and said additional rate hikes could be needed if inflation proves persistent. The Fed held rates at 3.50 to 3.75 percent, but the meeting produced four dissents, the most since 1992.
Crypto
Bitcoin long-term holdings rise as market watches U.S. monetary policy
Bitcoin long-term holdings rose to about 15.26 million BTC, the highest since August last year. Over the past 30 days, long-term holder wallets absorbed an additional 316,000 BTC, reversing a decline seen late last year. Holdings could rise further as 800,000 BTC moved from Coinbase last year passes the six-month threshold. Attention is turning to upcoming FOMC minutes, with analysts watching for signals on rates and risk sentiment.
