Bitcoin Retreats Following $3 Billion ETF Inflow Rally
Bitcoin fell to $77,379 after a rally fueled by $3 billion in ETF inflows over nine days.
Bitcoin fell to $77,379 after a rally fueled by $3 billion in ETF inflows over nine days.
US stocks ended lower Wednesday after the Fed signaled a September rate hike, with small caps leading declines.
Bitcoin nears $80,000 as September midterm risks loom, with the Fed debating a rate hike and US stocks near highs.
AUDUSD fell from a weekly high of 0.7207 after hawkish Fed comments, with the 200-hour moving average now a key support.
US stocks reversed course and dropped to day's lows after absorbing a hawkish message, with the S&P 500 falling 21 points to 7709.
Goolsbee agrees inflation is the main issue and backs steady rates at July FOMC.
USDJPY broke above its 100-day MA and 160.00, reaching 160.15, backed by hawkish Fed comments and rising US yields.
EURUSD tumbled on hawkish Fed rhetoric, probing a crucial support cluster between 1.1587 and 1.1594 as yields and the dollar rallied.
Bitcoin dropped to $78,630 then recovered to $79,474 after Fed Chair Warsh's inflation comments.
The US dollar rose after Fed Chair Warsh's hawkish remarks; market sees 46% chance of September rate hike.
The dollar rose after Warsh's hawkish comments raised September rate hike odds to 57%, pushing the euro lower.
Fed's Warsh says inflation data is more concerning, signals possible rate hike.
Currency pairs near technical levels ahead of Fed Chair Warsh's speech; yields edge higher.
Crypto and stablecoins are on the official agenda for the 2026 Jackson Hole symposium, a first for the event.
Hammack repeats call for rate hikes as inflation stays near 3% and financial conditions seen as not restrictive.