Here's what Warsh signaled about the upcoming FOMC meeting and whether the central bank plans to hike rates again.
Traders remained cautious, weighing recovery signs against broader economic pressure.
UK High Court ruled Chinese law governs property claims over more than 61,000 seized bitcoin, leaving ownership and distribution unresolved.
Bitcoin rebounded above $82,000 on Friday after stronger-than-expected US inflation data briefly pushed the cryptocurrency below a closely watched support level. BTC fell to approximately $79,800 following September's Producer Price Index release before buyers stepped in. At the time of this report, Bitcoin is trading near $82,000, up 1.4% over the previous 24 hours. The recovery pared an inflation-driven decline and demonstrated renewed buying interest around $80,000. However, persistent price pressures continued to complicate the outlook for Federal Reserve policy and risk assets. Producer inflation adds to interest rate concerns September headline PPI increased 6.3% year-over-year, exceeding expectations of 5.3%, according to the figures cited in the report. The reading marked its second-highest level since November 2022. Click Here
Bitcoin price rebounds above $82,000 after briefly falling below $80,000, as traders watch $84,000 resistance and growing whale holdings.
Bonding Period 2 added 505 BTC after Q3 closed, with 483 BTC supplied through Stacking DAO's liquid staking route.
Strive's average purchase price was about $83,266 per coin, including fees and expenses. Warrant exercises were expected to generate $369.2 million in gross proceeds.
The US Bitcoin funds took in a net $5.06 million on Thursday, a day after $261.5 million flowed out. The price stands at $81,963 on Friday morning and has hung in a $521 range since midnight.
U.S. consumer prices rose 3.7% over the 12 months through September, while the 10-year Treasury yield reached 5.10% on Oct. 15.
U.S. spot Bitcoin ETFs recorded $5.06 million in daily net inflows on Oct. 15. IBIT drew $16.79 million, while BTC and BTCO posted outflows.
Bitcoin trades at $82,374 as Fidelity reports a record correlation with 10-year Treasury real rates. Key BTC levels, risks and catalysts.
He expects wider use to deepen liquidity, while economist Lawrence H. White argues Bitcoin's fixed supply makes it too volatile for reliable payments.