Federal Reserve
Bitcoin briefly falls below $80,000 after hot US inflation print
Reported by AI Image generated by AI
US consumer prices rose more than expected in April, sending stocks lower and pushing bitcoin briefly under the key $80,000 level before a modest recovery. The data reinforced bets that the Federal Reserve will hold rates steady.
Tokenized U.S. Treasuries climbed to a new high of 15.35 billion dollars in value locked on May 13. Bitcoin held above 80,000 dollars but showed limited upside as traders weighed rising odds of a Federal Reserve rate increase. The shift comes ahead of key inflation data and political meetings.
Reported by AI
The US Senate confirmed Kevin Warsh as chair of the Federal Reserve on Wednesday to replace Jerome Powell. The vote followed a separate confirmation Tuesday for his role as a Fed governor.
Gold prices remained stable as investors weighed economic fallout from the Middle East conflict ahead of a US Federal Reserve decision. Renewed Iranian attacks and the killing of a senior Iranian official have heightened tensions, disrupting oil supplies and driving prices above $100 a barrel.
Reported by AI
Arthur Hayes, co-founder of BitMEX, has ceased purchasing Bitcoin and plans to hold off on new investments until the Federal Reserve expands the money supply. In a recent interview, he emphasized a cautious approach to deploying capital. This shift reflects his net liquidity strategy amid current market conditions.
Anthony Pompliano, chairman of ProCap Financial, forecasts a strong recovery for bitcoin as the Federal Reserve prints money to combat deflation. He describes this as a 'monetary slingshot' that will devalue the currency and boost bitcoin's value in the long term. Despite recent price drops, Pompliano urges investors to hold firm through the current economic pressures.
Reported by AI
Bitcoin has bounced back modestly after flirting with US$60,000 last week, following a roughly 50% drop from its October 2025 high. Altcoins continue to underperform as investors shift capital toward AI stocks and more durable crypto assets. This rotation reflects broader market caution amid hawkish Federal Reserve expectations and economic uncertainties.
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