Fed
Latest
Fed Chair Warsh Seeks Answers on AI and Inflation, With Possible Bitcoin Impact
Federal Reserve Chair Warsh is examining whether AI will lower prices or keep inflation elevated. The outcome could shape interest rate decisions and the wider outlook for crypto markets, including Bitcoin.
Bitcoin hits three-month low as fear index drops to 20 amid inflation and Fed worries
Bitcoin dipped to around $67,600, a three-month low, before trading near $69,300, a 10% weekly decline. The Fear and Greed Index fell to 20, entering extreme fear and its lowest reading since early June. The sell-off followed higher-than-expected US inflation, which raises the chance of a Fed rate hike next month, and a slump in Nvidia shares after CEO Jensen Huang resigned amid an extramarital affairs scandal. Merlijn The Trader argued Bitcoin is mirroring its 2022-2023 price path, while whales sold 34,000 BTC in a week and spot BTC ETFs recorded heavy outflows.