Market Wrap: Bitcoin Snaps Five-Day Losing Streak; Even Traders See More Hawkish Fed

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

México Noticias Noticias

México Últimas Noticias,México Titulares

MARKET WRAP: Bitcoin price makes “w-shape” as inflation rose to 9.1% in June, hitting a four-decade high.

Ten-year Treasury yield daily close: 2.90%Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atFed Futures Traders Now Betting on 100 Basis Point Interest Rate Hike After CPI Release

Futures traders are now seeing more than a 50% chance that the Fed will raise the target rate to 250-275 basis points at its meeting later this month. that the Federal Reserve will raise the target interest rate by 100 basis points, or one full percentage point, to 250-275 basis points this month, up from only 7.6% a day prior and 0% a week prior.

The odds of the Fed reprising June’s 75 basis point hike to a target rate of 225-250 is down to 33% from 92.4% a day ago. On Wednesday, the Labor Department released the CPI, the most widely tracked measure of inflation, showing the highest inflation gauge in four decades. “The fresh inflation high could give central bankers the green light for another aggressive rate hike. The Fed has prioritized the battle to stabilize prices over any push for economic growth at this point in time,” Helene BraunThe Federal Open Market Committee is scheduled to meet on July 26-27 to discuss further monetary tightening.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 291. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Bitcoin Crashes to 7-Day Low Beneath $20K: UNI Slumps 8% Amid Phishing Attack (Market Watch)The bears are back in town as bitcoin dumped to a weekly low beneath $20,000. The altcoins suffer as well, with UNI leading the race.
Fuente: Crypto_Potato - 🏆 568. / 51 Leer más »

Biggest Movers: SOL Snaps Recent Losing Streak, as MATIC Moves Towards Resistance – Market Updates Bitcoin NewsSOL was slightly higher on Tuesday, as prices rebounded following recent declines in price. MATIC moved close to a key price ceiling. SOL - Weekly chart - Major resistance levels added on the chart and RSI.
Fuente: BTCTN - 🏆 531. / 51 Leer más »

Bitcoin Dropped to 9-Day Lows, ApeCoin Spikes 6% (Market Watch)Bitcoin went south once more, charting a new 9-day low at $19,200. ApeCoin stands out as the best performer from the alts.
Fuente: Crypto_Potato - 🏆 568. / 51 Leer más »

Bitcoin wipes $15 billion from market cap in 10 mins as U.S. inflation data runs hotOn July 12, the price of Bitcoin (BTC) stabilized into a steady holding pattern ahead of the release of U.S.... Continue reading
Fuente: CryptoPanicCom - 🏆 563. / 51 Leer más »

Bitcoin, Ethereum Technical Analysis: BTC Below $20,000 as Markets React to Increasing Dollar Strength – Market Updates Bitcoin NewsBTC fell below $20,000 on Tuesday, as volatility in financial markets continued to peak, due to current levels of inflation. Euro needs American tourism, bread and butter USDT gets stronger with the Dollar, haha. I'm waiting for the best moment to spend my bags.
Fuente: BTCTN - 🏆 531. / 51 Leer más »

Bitcoin, Ethereum Technical Analysis: ETH Remains Below $1,100 Despite Prices Rebounding on Wednesday – Market Updates Bitcoin NewsDespite prices rallying in today’s session, bitcoin continued to trade below $20,000 on Wednesday, following recent declines. If they stop this I can no longer pay my rent...... I hope this coin recovers soon Why don’t other businesses have to do that though?
Fuente: BTCTN - 🏆 531. / 51 Leer más »