Bitcoin News
By Evie Vavasseur
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Eight Fed Speeches, One Very Nervous Market. Traders are watching the Fed's calendar closely. At least eight appearances from Fed officials are…
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Trump Meets Xi on Thursday. The geopolitical piece lands Thursday, when U.S. President Donald Trump sits down with Chinese…
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Energy Prices and Leverage Worth Watching. Brent crude is sitting around $102 per barrel. That's not a small number, and it keeps inflation…
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Bitcoin is back above $80,000. It got there after a rough stretch last week, when the Federal Reserve's rate decision briefly knocked it down to $75,000 before buyers stepped…
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The Fed raised rates by 25 basis points, moving the target range from 3.50%-3.75% up to 3.75%-4.00%.
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Traders are watching the Fed's calendar closely. At least eight appearances from Fed officials are scheduled this week, and that's not a small number.
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The speeches won't produce policy decisions, but they shape expectations. And expectations move prices.
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Wednesday brings hard data. S&P Global releases the first U.S. manufacturing and services PMIs for September, and the 50-level is the line in the sand — above it means…
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For Bitcoin, the PMI math isn't simple. A strong number probably keeps rate-hike pressure alive, which isn't great for risk assets.
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Read also: Trump Unveils Ambiguous AI Force Plans, Calls for High-IQ AI Czar Applicants
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The geopolitical piece lands Thursday, when U.S. President Donald Trump sits down with Chinese President Xi Jinping in Washington as part of Xi's state visit.
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If the summit produces any kind of trade détente, markets could read that as a growth-positive signal.
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The week also has ADP employment figures and durable goods orders dropping. Neither is as market-moving as an FOMC decision, but both can shift sentiment at the margins,…
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Brent crude is sitting around $102 per barrel. That's not a small number, and it keeps inflation from cooling the way the Fed needs it to.
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See also: Fidelity Sees 35% Chance Bitcoin Hits $95K if It Surpasses $82K Barrier
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