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Wednesday’s Federal Reserve likely decision to raise the interest rate 25 basis points appears to be priced into crypto markets
Lending platform Maker’s governance tokens soared to near one-year high prices last week prior to the sales.
Dogecoin price hits a two-month high amid speculations that Twitter’s rebrand to X would add a DOGE payment option.
Bitcoin is down to one-month lows, and BTC price predictions are tending to assume worse is to come — how much lower can bears manage?
PLUS: BTC's positive vibes may be waning as outflows from BTC investment products rose for the first time in weeks. But mining is in a better state than it was a year ago.
The U.S. central bank has been telegraphing its intent to renew rate hikes for weeks. ThePersonal Consumption Expenditures report arrives Friday, but cryptos and other risk-on assets have been largely immune to macro events.
Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill.
Digital asset investment products recorded outflows last week for the first time since mid-June, CoinShares reported.
Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.
Worldcoin price soared to $3.58 shortly after launching but traders and crypto advocates have many concerns.
- 19:02WTO Director-General: US Tariff Measures Pose Challenges to Global TradeOn the 13th in Tokyo, Japan, World Trade Organization Director-General Iweala stated that the U.S. tariff measures pose a challenge to global trade. According to Bloomberg News, Iweala mentioned during a meeting with Japanese Prime Minister Shigeru Ishiba in Tokyo that the current trade sector is facing very severe conditions, but there are also many opportunities, which should be used as a chance to address challenges. Additionally, according to the Japan Broadcasting Corporation, Iweala and Ishiba agreed on the necessity of working together to address issues such as the defects in the WTO dispute resolution mechanism and to restore the cohesion of the WTO.
- 18:49Crypto Stocks Rise as U.S. Inflation Eases, Analysts Anticipate "Catch-up Rally"The U.S. Consumer Price Index (CPI) for April fell to 2.3%, slightly below the expected 2.4%, while the core CPI remained unchanged at 2.8%, in line with market expectations. This marks the lowest inflation rate in four years and the third consecutive month of decline. David Hernandez believes the report indicates that "the economy seems to be performing strongly," despite price pressures from tariffs. He stated that the Federal Reserve's 2% inflation target seems increasingly achievable, which may influence upcoming interest rate decisions. Coinbase's stock price surged by 16% after the U.S. stock market opened that day, leading to an overall rebound in cryptocurrency-related stocks, with Bitcoin and Ethereum prices also recovering. However, on May 13, the cryptocurrency market as a whole fell by about 3.4% due to profit-taking. Analysts believe this trend reflects the blockchain industry's stocks rebounding from the latest trade tensions.
- 18:17Data: Abraxas Capital purchased 33,482 ETH again in the past 12 hoursAccording to Lookonchain monitoring, Abraxas Capital has purchased an additional 33,482 ETH ($84.7 million) in the past 12 hours, bringing its total purchases over the past 6 days to 211,030 ETH ($477.6 million).