The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin, ether, and other cryptocurrencies saw gains on Thursday morning, driven by increased liquidity and positive tariff news from the U.S.
The ramp-up in daily inflows comes as bitcoin's price rebounds amid a dollar index weakness tailwind, according to an analyst.
As expected, the U.S. Federal Reserve left interest rates unchanged at a range between 4.25% and 4.50%.
Analysts said volatility could resurface this week after this week's decision on funding rates, which markets expect will stay the same.
Experts said all eyes are on the Federal Reserve and Fed chairman Jerome Powell at May's policy meeting after contradictory U.S. economic reports on Wednesday.
Experts warn rising hardware costs could squeeze U.S. miners, while others speculate the government may use new tariff revenues to acquire Bitcoin.
Market jitters persisted ahead of President Trump's large-scale tariffs on "Liberation Day," throwing more uncertainty on seasonal Q2 price patterns.
Bitcoin dropped more than 3% Friday, with leading altcoins like ETH, SOL and XRP sliding over 6% in the past 24 hours.
Q4 U.S. GDP data showed slight cooling but the macro landscape remained uncertain amid new and incoming tariffs.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
As expected, the U.S. Federal Reserve left interest rates unchanged Wednesday at a range between 4.25% and 4.50%.
Wednesday's cooler-than-expected U.S. CPI inflation reading has strengthened the case for potential Federal Reserve rate cuts.
Bitcoin and U.S. stocks rallied Wednesday after February's CPI inflation rate came in at 2.8%, below economists' expectations.
Standard Chartered attributes Bitcoin's recent downturn to broader equity market distress rather than cryptocurrency-specific issues.
Weaker-than-expected U.S. jobs growth in February could prompt a dovish pivot by the Federal Reserve, analysts said.
Standard Chartered suggests U.S. could potentially fund the Strategic Bitcoin Reserve in a budget-neutral way by selling gold for bitcoin.
Bitcoin derivatives traders are ramping up leveraged positions and boosting open interest ahead of Friday’s White House Crypto Summit.
World Liberty Financial has increased its crypto holdings ahead of the White House Crypto Summit, including ETH, WBTC and MOVE acquisitions.
China has ramped up both fiscal and monetary stimulus to counter economic challenges, with increased liquidity potentially benefiting bitcoin.
Standard Chartered warns that bitcoin’s price could drop to as low as $69,000, bringing it closer to MSTRs average purchase price of $65,000.
Bitcoin struggles to fulfill safe-haven aspirations, whilst gold gains favor among investors seeking shelter from market volatility.
A broad market sell-off hit both crypto, driving $1 billion in liquidations, amid fears of economic fallout from Trump administration tariffs.
Standard Chartered says $500,000 bitcoin target back in focus, after Trump's Crypto Strategic Reserve plan boosts market.
Ether’s recent volatility surge has caught crypto options traders off guard, prompting them to adjust strategies for further downside risk
Coinbase analysts say bitcoin's downturn is due to a lack of positive catalysts and insufficient support at the $80,000-$90,000 range.
The Crypto Fear & Greed Index has sunk to a multi-year low of 10, plunging deeper into “Extreme Fear” territory.
Bernstein analysts see a potential bitcoin entry point below $80,000, viewing the current price correction as temporary.
The cryptocurrency market's decline over the past day comes amid wider market uncertainty following new U.S. tariff plans.
Bitcoin has posted slight gains over the past 24 hours as investors digest the Fed’s cautious stance on inflation and interest rate policy.