Cryptocurrency

Markets immediately reduced the probability of a 25-basis point Federal Reserve rate cut in September to 60% from 85%, leading to a decline in risk assets, including cryptocurrencies.

Bitcoin price steadied on Monday after a sharp fall over the weekend saw the cryptocurrency pull back from recent highs, with focus squarely on more key signals on U.S. interest rates. 

Bitcoin price edged higher on Friday, steadying close to record highs amid support from a weaker dollar and growing bets on U.S. interest rate cuts ahead of key nonfarm payrolls data. 

Bitcoin price fell slightly on Thursday, steadying after breaking out of an over two month trading trough as weak U.S. economic data fueled expectations that the Federal Reserve will cut interest rates.

Bitcoin price steadied on Tuesday, hovering just below key levels as weakness in the dollar, amid speculation over potential interest rate cuts by the Federal Reserve, sparked some flows into crypto markets. 

Bitcoin price rose marginally on Thursday, remaining pinned within a trading range as anticipation of key U.S. economic data, which is likely to factor into the outlook for interest rates, kept traders to the sidelines.

Financial commentator Peter Schiff, known for his critical stance on Bitcoin, recently took to social media with a series of posts that blended sarcasm and financial speculation.

The price of Bitcoin fell slightly on Tuesday, while a rally in no.2 token Ether cooled, as anticipation over key inflation data this week kept traders largely averse to assets like crypto that are perceived as riskier.

Bitcoin was little changed on Monday as concerns over high interest rates persisted ahead of key U.S. inflation data due later this week, while Ether saw an extended rally on progress towards a spot exchange-traded fund. 

Bitcoin price fell on Friday, pulling back even further from highs hit earlier in the week as concerns over high for longer U.S. interest rates largely offset a key development in the U.S. approval of exchange-traded funds that directly track Ether.