Bitcoin ETFs Near $1B Inflow, But BTC Holds Below $80K
Bitcoin ETFs saw $924M in net inflows last week, but BTC remained below $80,000 due to hawkish Fed comments and technical resistance.
Bitcoin ETFs saw $924M in net inflows last week, but BTC remained below $80,000 due to hawkish Fed comments and technical resistance.
Indian rupee recovered on suspected RBI intervention after Friday's selloff. Strong dollar and oil prices remain headwinds.
Gold extended its decline on Monday, continuing Friday's sharp selloff triggered by Fed Chair Warsh's hawkish Jackson Hole speech, as no fresh catalysts…
Yen weakens past 160 per dollar for first time since record $98.7 billion intervention, as Warsh's hawkish signals overshadow Bessent's reassurance.
Bank of America says Warsh's Jackson Hole speech raises pressure for a September rate hike unless data turns soft.
Goldman Sachs maintains its view that the Fed will hold rates steady in September, as inflation data is unlikely to justify a hike despite Warsh's hawkish tone.
Following hawkish remarks from Fed Chairman Kevin Warsh at Jackson Hole, implied probability of a September rate hike rose to 58%, pressuring equities.
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.