Bitcoin News
By Pankaj K
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What Goldman's Call Actually Means for Crypto. Interest rates matter a lot here. When rates go up, credit tightens, fiat liquidity shrinks, and…
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CME FedWatch Puts Hike Probability at 30.6%. The numbers from CME FedWatch back that up. Only 30.
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Zcash's Tachyon Upgrade Adds a Different Kind of Story. Away from the macro noise, Zcash is moving forward with something called the Tachyon upgrade.
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Goldman Sachs basically told markets to stop worrying about a September Federal Reserve rate hike — and Bitcoin traders seem to like the sound of that.
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Bitcoin was sitting at $63,500 at the time, up roughly 1% since midnight UTC. It's been stuck in a $62,000 to $66,000 band for over a month now — not exactly exciting, but not…
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Interest rates matter a lot here. When rates go up, credit tightens, fiat liquidity shrinks, and investors tend to pull back from riskier stuff — Bitcoin included.
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So Goldman's read — that a September hike is unlikely — isn't just a macro footnote. It's the kind of signal that can shift positioning.
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Hatzius pointed to weak retail sales data and soft employment figures as the main drivers behind the bank's thinking. Slowing inflation sealed it.
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The numbers from CME FedWatch back that up. Only 30.6% of traders are currently pricing in a 25 basis point hike that would push the benchmark rate to a 3.75%–4% range.
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Unclear whether that consensus shifts before September. Any surprise in the next jobs report or CPI print could flip things fast.
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See also: Bitcoin Exchange Reserves Climb as $62,000 Support Hangs by a Thread
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Bitcoin's price stability within the current range probably reflects that tension. Investors aren't rushing in, but they're not bailing either. Cautious optimism, maybe.
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The upgrade isn't just technical. It's also meant to stress-test Zcash's funding model, security setup, and governance structures.
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Zcash doesn't get nearly as much attention as Bitcoin or Ethereum, but the Tachyon work is the kind of infrastructure-level development that tends to matter later, even if it…
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Back on the Bitcoin side, traders will keep watching the Fed closely. Economic data releases between now and September could shift the picture quickly.
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