Bitcoin heads for sixth weekly loss as Anthropic’s blockbuster IPO looms
Bitcoin is down 21% this year as investors weigh Anthropic’s anticipated listing, Nvidia’s leadership upheaval and rising Fed rate hike expectations.
Sources:CoinDesk
Macro: crypto news
RSS feedInterest rates, inflation and the economy as they affect crypto.
News summaries on this topic: 9 in the last 7 days, 9 in 30 days — each with links to the original publications.
Most mentioned coins: Bitcoin, Ethereum, XRP.
Latest stories
Fed Chair Warsh Wants Answers on AI Inflation—and Bitcoin May Feel the Impact
The Federal Reserve is examining whether AI will lower prices or keep inflation elevated, a question that could shape interest rates and the outlook for crypto.
Sources:Decrypt
Crypto market sees brief relief after cooler US PPI data
The crypto market has seen a brief recovery following Friday’s softer than expected US producer inflation report, with Bitcoin rebounding toward $70,000 after heavy selling pushed it below $69,000 earlier in the day. According to the US Producer Price Index…
Sources:crypto.news
Fed’s Collins warns higher rates may be needed. What does it mean for crypto?
Federal Reserve Bank of Boston President Susan Collins has warned that higher interest rates may sometimes be necessary to control inflation, even as borrowing costs continue to make housing less affordable across the… In her November 13 speech…
Sources:crypto.news
Ethereum, XRP, PI fall as US PPI inflation reaches 6.5%
Ethereum, XRP, and Pi Network traded under pressure on Nov. 13, with ETH below $2,000 and XRP near $1 as US producer inflation reached 6.5% annually. According to the Bureau of Labor Statistics’ October report, producer prices rose 0.3% during…
Peter Schiff Says BTC Is in a Long-Term Bear Market as Bitcoin Trades Under $69K
Three Things to Know Peter Schiff said bitcoin has entered a long-term bear market after it slid back to levels last seen in August. Daily momentum looks deeply oversold, yet sellers still control the trend and no reversal signal has appeared. Support near $63K now decides whether buyers get a bounce or the rout deepens.
Bill Miller IV: “They’re Not Printing More Bitcoin”
▶ Bitcoin Magazine Bill Miller IV: “They’re Not Printing More Bitcoin” Bill Miller IV, Chairman and CIO of Miller Value Partners, joins Grace Remington and Sean Hagan on BMTV to explain why he is still bullish on… He points out that Bitcoin went from 63K to 87K and back to 68K in a matter of months, and argues that volatility is the price of owning great-performing assets. Using the gold analogy, he lays out why Bitcoin’s addressable value is far above its current market cap, and why a supply growing at 80 basis points a year makes it more scarce than gold.
Sources:Bitcoin Magazine
Diesel prices plunge 8%, yet Bitcoin traders face a squeeze
October’s PPI slowed at the headline level, but higher freight prices and firm underlying inflation leave financing relief uncertain. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Sources:CryptoSlate
Bitcoin Climbs as U.S. PPI Inflation Comes In Below Expectations
The Bitcoin price has rebounded following the release of the October PPI inflation report, with the data coming in below expectations. As a result of the lower-than-expected reading, crypto traders have also pared back bets on potential Fed rate hikes over the coming months. Ad Ad Bitcoin Rebounds as PPI Inflation Rises Below Expectations The
Sources:CoinGape