Federal Reserve
- Also known as
- the Fed
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Crypto liquidations reach $1.23 billion as total market value falls 5.75%
The total crypto market value fell 5.75% to $2.33 trillion over 24 hours, triggering $1.23 billion in liquidations, 82.7% of them long positions, according to Coinglass. Bitcoin slipped below $68,000, trading at $67,623 and testing its 200-week simple moving average near $67,922. Ethereum fell 3.37% to $1,903.78.
Big US banks have nearly $1 trillion tied to AI, Federal Reserve warns
The Federal Reserve's November Financial Stability Report puts the largest US bank holding companies' exposure to AI infrastructure firms at close to $1 trillion. Borrowing for advanced computing infrastructure passed $680 billion by October, about five times the $130 billion raised in all of 2023, and leases yet to start exceed $1 trillion. The Fed flags 'circular financing' between tech giants and developers and says the banks' AI-linked exposures face the annual supervisory stress test.
US producer prices reach 6.5% as bitcoin and ether edge higher
Both headline US inflation readings came in below forecasts, though the headline cites producer prices at 6.5%. Bitcoin and ether edged higher. Interest-rate markets still price in a December rate hike by the Federal Reserve.
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 12-Week Low as Fed Rate Fears Undo Most of Summer Rally
Bitcoin has dropped to a 12-week low, near August levels, wiping out most of its summer rally. The article cites persistent inflation, growing expectations of another Federal Reserve rate hike, and ETF withdrawals as the main pressures.
Bitcoin heads for sixth weekly loss as Anthropic IPO looms
Bitcoin is down 21% year to date and heading for its sixth consecutive weekly loss. Investors are weighing Anthropic's anticipated listing, leadership upheaval at Nvidia and rising expectations of Federal Reserve rate hikes.
Bitcoin briefly drops to $67,500, its lowest since August, as the dollar holds a 19-month high
Bitcoin briefly fell to about $67,555 before rebounding to roughly $69,800 after a softer-than-expected US producer price report. The break below $70,000 triggered about $1.64 billion in liquidations, and spot bitcoin ETFs have now had six straight days of outflows totalling about $1.49 billion. Traders still price in a quarter-point Federal Reserve hike at the 8-9 December meeting.
Bitcoin rises after US producer inflation data comes in below expectations
Bitcoin rebounded after the October US PPI inflation report came in below expectations. Crypto traders pared back bets on possible Federal Reserve rate hikes over the coming months.
Bitcoin nears bear market lows as late summer rally fades
Bitcoin is approaching bear market lows, with most of its late summer rally wiped out. Equity markets are also falling as interest rates and the dollar surge amid an increasingly hawkish Federal Reserve.
Bitcoin Faces Pressure as CME FedWatch Shows Full Odds of December Fed Rate Hike
The CME FedWatch tool shows 100% odds of a Federal Reserve rate hike in December, which the article links to fresh pressure on Bitcoin. Outflows from digital asset investment products are also continuing.