CumberlandMarkets price a hold at Wednesday's decision, but a real minority sees a surprise hike, with Citadel Securities and UBS among those flagging the risk.
Bitcoin above $64,000 in Asia hours ahead of Fed decision
Bitcoin traded above $64,000 on Wednesday, up 1% on the day, with the broader market green ahead of the Federal Reserve’s rate decision at 2 p.m. ET, per CoinDesk data. Ether added 1.7% to $1,909 and XRP led the majors at 2.6%.
The base case is a hold. About 70% of traders expect the Fed to keep its rate at 3.50% to 3.75%, a sixth straight meeting on pause, per CME data.
But roughly 30% now price a quarter-point hike, and the case has serious backers: Citadel Securities told clients it expects a surprise increase this week to shore up Warsh’s inflation-fighting credibility, and UBS said such a move would not surprise it.
1Company behind AI trade that caused $60 million crypto liquidations to cover all losses1 hour ago 2Citadel bets on a Fed rate hike Wednesday as bitcoin analysts call a hold. Someone will be wrong.1 hour ago 3Bitcoin rises toward $64,000 as Korea's record chip crash leaves crypto untouched1 hour ago 4Coinbase wants to be Canada’s ‘everything exchange,’ but says clearer rules are needed first7 hours ago 5'Anything remotely dovish' from Fed could be good for bitcoin, says analyst10 hours ago 6Ondo drops tokenized asset blockchain plans for private, high-speed trading network11 hours ago 7Wall Street veteran Don Wilson says regulators are getting perps all wrong13 hours ago 8BlackRock, Fidelity, other Wall Street giants back the Clarity Act15 hours ago 9Ethereum startup EthSystems bets privacy is key to getting banks on public blockchains15 hours ago 10Russia outlines new digital depository rules ahead of fall crypto framework roll-out16 hours ago
Crypto Flows, Share and the Selective Rotation
Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
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