First Mover Americas: Bitcoin Pushes Above $29K After Fed Rate Hike

The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

• 2023-05-04
• Federal Reserve digital assets

Bitcoin Rises After Fed. Why A Different Macro Force May Become Key for Crypto.

The largest digital asset continues to stagnate below the key $30,000 level. Crypto traders are looking ahead to next week's inflation data.

• 2023-05-04
• Federal Reserve Crypto traders Michael Safai federal funds rate

Bitcoin Falls, Other Cryptos Mixed After Fed Raises Rates Again

and other cryptocurrencies were largely unchanged on Wednesday, after the Federal Reserve made an expected quarter-point increase in interest rates while signaling a possible pause at future meetings. The price of Bitcoin has fallen about 0.9% in the last 24 hours to $28,400. “Bitcoin has steadily moved back above its 50-day moving average, proving that the break below was false,” said Alex Kuptsikevich, an analyst at broker FxPro, before the rate-hike announcement.

• 2023-05-04
• Federal Reserve Bitcoin interest rates

Bitcoin, Ethereum Flat as Fed Issues 10th Consecutive Interest Rate Hike

It’s the latest step in the U.S. central bank's fight to tame inflation.

• 2023-05-04
• Federal Reserve federal funds rate Jerome Powell inflation pressures interest rate

Bitcoin Is Falling. The Fed Decision Could Mean ‘All Bets Are Off’ for Cryptos.

Bitcoin has torn higher this year amid expectations of easier monetary policy from the Federal Reserve. That narrative will be put to the test Wednesday.

• 2023-05-02
• Federal Reserve digital assets crypto traders Bitcoin Antoni Trenchev

Bitcoin touches $30K as BTC bulls well-positioned for weekly $3.2B options expiry

A weaker U.S. financial system has raised BTC bulls’ odds of profiting $780 million on April 28 options expiry.

• 2023-04-27
• Bitcoin Federal Reserve Bitcoin Price

Bitcoin gains, holds above US$30,000; Solana, BNB biggest losers in top 10 cryptos

Bitcoin rose and traded above US$30,000 on Wednesday afternoon in Asia, while Ether fell along with most top 10 non-stablecoin cryptocurrencies by market capitalization. Solana lost the most, followed by Binance’s BNB token.

• 2023-04-19
• Federal Reserve market capitalization stock futures

Bitcoin, Ether See Bull Breather as Higher Bond Yields Support Dollar

We would consider taking some profits as the crypto market is showing exuberant signs.

• 2023-04-17
• Federal Reserve U.S. Dollar Index Bond yields basis points Treasury note

Bitcoin holds $30K, but some pro traders are skeptical about BTC price continuation

BTC traders are cautiously optimistic due to Bitcoin traditional assets, but there are still some macro headwinds to be aware of.

• 2023-04-16
• Bitcoin Cryptocurrencies Federal Reserve

Why is Ethereum (ETH) price up today?

Ethereum price is up today and now with the Shapella hardfork in the background, traders are taking a much closer look at ETH

• 2023-04-16
• Cryptocurrencies Altcoin Federal Reserve