Bitcoin and Ether both rose over 3% as the crypto market recovered from its losses last week, while alternative cryptocurrencies also saw gains; however, experts remain divided on the future of prices, with some predicting continued downtrend and others expecting a rebound.
The Bank of England is predicted to make only one more increase to Bank Rate, taking it to 5.50% in September, despite other major central banks halting rate hikes, as the BoE struggles to control inflation.
The European Central Bank (ECB) faces a complex decision on whether to continue raising interest rates in September as eurozone businesses experience declines in outputs and new orders, with some experts suggesting a pause in rate hikes to ease pressure on the economy.
Bitcoin experienced a dip in price after the U.S. Federal Reserve Chair hinted at the possibility of an interest rate hike, but an on-chain indicator suggests that Bitcoin is undervalued and presents a good opportunity for long positions in the coming week.
Eurozone inflation remains at 5.3%, leading analysts to speculate that the ECB may consider pausing its interest rate hikes in light of a slowing economy.
Bitcoin is likely to experience a deep corrective move in September, with a potential drop of over 10% from current levels, according to crypto strategist Benjamin Cowen, who also suggests that the altcoin markets may see a resurgence next year due to a confluence of macro tailwinds.
Bitcoin has experienced a significant decline of nearly 20% since Standard Chartered's prediction of reaching $120,000, with the cryptocurrency falling for a second consecutive month amid a broader sell-off in financial markets.
The recent increase in interest rates has impacted the price of bitcoin, with factors like opportunity cost, risk sentiment, and inflation expectations playing a role.
Cryptocurrency prices remained stable as inflation in the U.S. surpassed economists' expectations, with Bitcoin trading at around $26,100 and Ethereum experiencing a slight dip of 0.5%. The Federal Reserve will consider this report, among other factors, for its upcoming interest rate announcement on September 20. While inflation has decreased since June, it still exceeds the Fed's target of 2% annually. Core inflation, excluding volatile food and energy costs, decreased to 4.3% in August compared to July's 4.7%.
Bitcoin (BTC) reached new September highs as markets reacted positively to macroeconomic and crypto industry news, with the cryptocurrency trading at around $26,300, up 5.5% from its September lows; traders have expressed optimism about Bitcoin's recent performance and potential future breakout if a Bitcoin spot price ETF is approved by U.S. regulators in the coming months, while some remain cautious and predict a potential relief rally before a further decline in on-chain volume.
Bitcoin (BTC) price rises as market remains calm over Fed interest rate policy, with traders anticipating further gains.
The European Central Bank has raised its main interest rate for the 10th consecutive time to tackle inflation, but indicated that further hikes may be paused for now, causing the euro to fall and European stocks to rally.
Bitcoin (BTC) consolidated higher on September 15 as analysts described recent price behavior as "textbook," with hopes of a potential bullish breakout and the possibility of avoiding new lows.
Bitcoin could potentially surge over 70% in a move similar to 2015, as crypto analyst Michaël van de Poppe observes patterns that indicate a sustained trading range before a significant upside move ahead of the 2016 halving event.
Following the European Central Bank's record high interest rate hike to 4%, there is speculation about how long rates will remain at this level, with analysts predicting a 12-month pause before any cuts are made, while also considering the impact of rising oil prices on inflation expectations in Europe and the US. The Federal Reserve is expected to hold rates steady in September, but there are divided opinions on whether another hike will be delivered this year, with markets anticipating rate cuts in 2024. Similarly, the Bank of England is anticipated to make one final hike in September as it assesses inflation and economic indicators.
Bitcoin has gained 8% since the appearance of the death cross pattern on its daily chart, with traders predicting that the Federal Reserve will keep interest rates unchanged for the rest of the year.
Bitcoin (BTC) surpasses $27,000, while ether (ETH) holds support levels, but interest-rate decisions this week may bring downward pressure; overall market capitalization grows just 0.4% in the past 24 hours.
Bitcoin's price rose by 3%, surpassing $27,000 for the first time in two weeks, leading to a minor increase in mining stocks like Hut 8 Mining, Riot Platforms, and Marathon Digital.
The positive momentum surrounding Bitcoin's price is fueled by expectations that the Federal Reserve will not hike rates again this year, while market participants remain optimistic despite the strength of the United States Dollar Index.
Bitcoin's market dominance rate has reached its strongest level in a month, rising to 50.2%, as risks rise for the rest of the cryptocurrency sector, while alternative cryptocurrencies may be on the brink of breaking lower.
A 0% interest rate increase by the Federal Reserve is expected to be bullish for Bitcoin, as historically BTC's price has correlated with risk equities and central bank policy.
The U.S. Federal Reserve kept interest rates steady but left room for potential rate hikes, as they see progress in fighting inflation and aim to bring it down to the target level of 2 percent; however, officials projected a higher growth rate of 2.1 percent for this year and suggested that core inflation will hit 3.7 percent this year before falling in 2024 and reaching the target range by 2026.
Central banks around the world may have reached the peak of interest rate hikes in their effort to control inflation, as data suggests that major economies have turned a corner on price rises and core inflation is declining in the US, UK, and EU. However, central banks remain cautious and warn that rates may need to remain high for a longer duration, and that oil price rallies could lead to another spike in inflation. Overall, economists believe that the global monetary policy tightening cycle is nearing its end, with many central banks expected to cut interest rates in the coming year.
Bitcoin (BTC) prices are expected to remain bearish in the short term, but analysts anticipate a significant price increase after the 2024 halving event due to past performance and long-term valuation metrics.
Bitcoin rose 2% to $26,750 during early U.S. trading hours, defying the strong dollar and driven by spot market buyers and a short squeeze, accompanied by an increase in net capital inflows in the spot market.
Bitcoin experienced a significant surge in September despite resistance from the SEC, marking its first positive performance for the month since 2016, and investors are cautiously optimistic for a bullish October.
Bitcoin (BTC) starts Uptober with a bullish move past $28,000, marking its best weekly close since mid-August and sparking excitement about potential price gains in October. Meanwhile, Bitcoin network fundamentals are not reflecting the bullish sentiment, as mining difficulty is set to decrease at its next readjustment on October 2.
Bitcoin surged over 4.5% to reach its highest level in more than a month, while Ether crossed over $1,700 as crypto prices rallied on Monday, with the catalyst for this sudden move not immediately clear but potentially linked to the launch of several ether futures ETFs, indicating a positive sign for the crypto industry.
The European Central Bank's cycle of interest rate hikes has likely ended, according to ECB Governing Council member Mario Centeno, as inflation in the euro zone is declining faster than it rose.
Bitcoin's price experienced volatility and dropped 2.1% after strong US employment data dampened expectations of further Federal Reserve counterinflation measures, but rebounded with $27,700 back in focus; Bitcoin open interest also declined.
A spike in interest rates has negatively impacted stocks and bonds, but Bitcoin may continue to rise regardless of the rate changes.
The European Central Bank (ECB) has raised its key interest rates for the tenth consecutive time in response to a series of crises and the need for price stability, although the rise has caused concerns about the level of interest rates and their impact on growth; ECB President Christine Lagarde emphasizes the need to make inflation projections more robust and to communicate effectively with the public to counter misinformation.
The Governing Council of the European Central Bank (ECB) decided to raise key interest rates by 25 basis points, aiming to reinforce progress towards the 2% inflation target, as market conditions continue to show inflation risks despite the weakening euro area economy.
