Bitcoin News Today TheBitTimes.com

Over $400 million was liquidated from the crypto market in the last 24 hours after US Federal Reserve Chair Jerome Powell opted to keep interest rates unchanged at 4.25-4.5%. According to Powell, there are still inflationary pressures present from the trade tariffs imposed by US President Donald Trump on nations around the world.  “Higher tariffs have begun to show through more clearly to prices of some goods, but their overall effects on economic activity and inflation remain to be seen,” Powell said during a press conference. Not all Fed officials agreed with Powell, however, with two officials voting in favor of a rate cut.  Bitcoin And Ethereum Positions Take The Biggest Knock Data from CoinGlass shows 24-hour liquidations soared to over $429 million. Most of these liquidations were long positions, with $327.21 million being wiped out from these trades. Meanwhile, $102.52 million got liquidated from short positions. Crypto market leaders, Bitcoin (BTC) ...

The US dollar low is expected this week as the Federal Reserve delivers its interest rate decision and trade tensions keep building up. The US dollar index forecast shows continued weakness below 97.00, and US trade tariffs are threatening to push the USD market outlook even lower right now. The next US dollar low could actually materialize if the Fed maintains dovish signals and also trade negotiations fail by August 1. Also Read: De-Dollarization: Full List of Countries Dropping the US Dollar & Key Reasons How Fed Decisions, US Trade Tariffs, and USD Market Outlook Shape The Dollar Low Source: Watcher.Guru Fed Decision Maintains Dovish Stance The Federal Reserve is set to keep rates unchanged for the fifth straight meeting, and the US dollar low expectations are being raised as policymakers signal future cuts. The Fed interest rate decision reflects caution over trade uncertainties that could impact the US dollar index forecast going forward. Chair Powell has been emphasizing pat...

Bitcoin price has surged 5.6%, hitting a three-week high of $61.1K on Tuesday morning. Altcoins like Celestia, Immutable X, and Near have seen double-digit percentage gains. Crypto stocks have risen modestly ahead of the Fed’s expected rate cut announcement. Bitcoin price has surged to its highest level in three weeks, triggering gains across the cryptocurrency sector and related stocks. It soared 5.6%, reaching $61.1K by 11:55 a.m. ET before pulling back to around $61k. The surge marks a sharp reversal from the quiet start to the week, signalling renewed interest in digital assets. Bitcoin price and crypto market soar ahead of Fed cuts Besides Bitcoin, other major cryptocurrencies have also seen significant gains, with Ethereum (ETH) advancing 4.2% to $2.38K. Notably, some altcoins have outpaced the larger tokens. For example, Celestia (TIA) has seen a 15.7% increase, Immutable X (IMX) has risen by 14.8%, Near Protocol (NEAR) is up 9%, Uniswap (UNI...

The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy, but could the British pound's weakness be a positive for Bitcoin. On Sept. 26, the British pound hit a record low against the U.S. dollar following the announcement of tax cuts and further debt increases to curb the impact of a possible economic recession. The volatility simply reflects investors' doubts about the government's capacity to withstand the growing costs of living across the region. The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy, but the British pound's weakness could be a net positive for Bitcoin. The GBP, or British pound, is the world's oldest currency still in use and it has been in continuous use since its inception. Fiat currencies are a 52-year old experiment The British pound, as we currently know, started its journey in 1971 after its convertibility with Gold or theequivalent was effectively termi...

Market analyst Charles Edwards says that while there are good reasons to exercise caution, investors’ risk off sentiments and expectation of a recession could be overblown. The U.S. stock market approaches a crucial turning point as uncertainty over inflation rises after hotter-than-expected economic data released in February. Despite mounting investor worries, the economy is showing signs of resilience that could protect against a significant downside move.  The escalating risk-off sentiment in the market is also creating volatility for Bitcoin (BTC). The leading crypto asset, which has had a strong correlation with the U.S. stock market, moved oppositely to the stock market in February. The correction between BTC and Nasdaq turned negative for the first time in two years. However, with the crypto bulls pausing at the $25,200 level, the risks of a downturn alongside stocks are increasing. While there’s certainly a reason to maintain caution until the release of new economic data and ...