Bitcoin Back Below $50,000 After Inflation Data Spooks Investors
The higher-than-expected inflation in January dashes hopes that the Federal Reserve will lower interest rates any time soon.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Binance hack drained wallets backing customer assets, reserve data shows
Binance’s own reserve data lists the drained wallets as backing customer balances, leaving its ether backing an estimated 6% short...
Bitcoin Slips Below $80,000 After Fed Holds Rates and Tech Shares Weaken
TL;DR: Bitcoin slipped below $80,000 in early October 29 trading as markets digested the Federal Reserve’s decision to leave rates...
Galaxy’s Alex Thorn Says Bitcoin Held Near $80,000 Because Hedge Funds Had Already Sold
Bitcoin has stayed close to $80,000 through a month of worry over the AI trade because the investors most likely to sell on that w...
Bitcoin Price Slides Below $79,000 as Binance Loses $5.8 Billion in Massive Hack
Bitcoin Magazine Bitcoin Price Slides Below $79,000 as Binance Loses $5.8 Billion in Massive Hack Bitcoin dropped below $79,000 on...
FalconX Backs $250M Credit Facility for Ibis as Crypto Lending Infrastructure Evolves
TL;DR: Onchain credit company Ibis emerged from stealth on October 28, announcing a $250 million credit facility with FalconX and...
Binance reserves $6.3B to cover losses from biggest-ever crypto hack
Binance's substantial reserve allocation highlights the growing need for robust security measures and transparency in the crypto i...