Bitcoin Back Above $29,000 Post-Fed as Markets Bet on Rate Cuts – Where Next for the BTC Price?
Bitcoin has recovered back above the $29,000 level, rising above its 21 and 50-Day Moving Averages in doing so, in wake of another rate hike from the US Federal Reserve. The US central bank lifted the federal funds targe...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The US central bank lifted the federal funds target range by 25 bps on Wednesday to 5.0-5.25%, marking 500 bps worth of rate hikes in its last ten meetings....
Read More: Bitcoin Back Above $29,000 Post-Fed as Markets Bet on Rate Cuts – Where Next for the BTC Price?
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 CryptonewsRelated market context
Jeff Walton: Where the Next Trillion Dollars for Bitcoin Comes from, $SATS IPO Update
📺 Watch VideoBitcoin Magazine Jeff Walton: Where the Next Trillion Dollars for Bitcoin Comes from, $SATS IPO Update While CCC hig...
Bitcoin Price Prediction: Michael Saylor Says BTC Will Reach $100K in 12 Months as 4-Year Bull Run Begins
Speaking on the Schwab Network, Saylor said the cryptocurrency was entering a new bull market and predicted that the broader rally...
Kalshi Pushes Deeper Into Crypto Derivatives With Bitcoin-Backed Margin Loans
Bitcoin Magazine Kalshi Pushes Deeper Into Crypto Derivatives With Bitcoin-Backed Margin Loans Kalshi is doubling down on its bid...
How a16z-backed DATA is rethinking its blockchain strategy after $30 million Sui deal
The startup is retiring its own blockchain and moving to Sui with a $30 million investment as it narrows its focus to AI training...
OCC’s Final Stablecoin Rule Backs Off Yield Test, Scraps Automatic Redemption Extension
The Office of the Comptroller of the Currency (OCC) will not presume that stablecoin issuers break the GENIUS Act’s yield ban when...
Pearl Crypto Price Explodes: Coinbase Buzz Fuels Mystery Rally
Pearl Crypto is extending its rally, with PEARL climbing to $2.27 as Coinbase listing buzz and the project’s AI-computing narrativ...