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Bitcoin almost breaks down from its sideways construction in place for months, and Bitcoin bulls are struggling to prop up the market. Bitcoin (BTC) targeted two-month lows on Aug. 17 as United States inflation returned to spook cryptocurrencymarkets. BTC/USD 1-hour chart. Source: TradingView BTC price teases exit from months-long corridor Data from Cointelegraph Markets Pro and TradingView confirmed the lowest BTC price levels since June 21 as BTC/USD wicked to $28,300. The downside came after the United States Federal Reserve published the minutes of its July meeting to discuss future monetary policy. Members of the Federal Open Market Committee (FOMC) revealed concerns that inflation might remain elevated without further interest rate hikes — something risk assets did not wish to see going forward. “Participants discussed several risk-management considerations that could bear on future policy decisions,” the minutes read.  “With inflation still well above the Committee's longe...

Bitcoin faces a week full of potential price triggers — both up and down — as BTC price action drops below a major trend line. Bitcoin (BTC) starts a “massive” week in a precarious position as key support stays out of reach for bulls. After fresh losses across crypto markets over the weekend, BTC/USD closed the week below $26,000 for the first time in three months. Both Bitcoin and altcoins continue to struggle thanks to legal battles raging in the United States and their impact on sentiment. Fragile markets will now encounter a slew of volatility triggers, however, as U.S. macro data releases accompany the next steps in the crypto legal debacle. In what promises to be five days full of surprises, traders will likely experience none of the lackluster sideways price action which was characteristic of crypto markets before the U.S. upheaval. How will the coming week shape up? Cointelegraph takes a look at the major things to consider when it comes to Bitcoin and wider crypto market pri...

The debt ceiling has been raised but Larry Fink says trust in the U.S. dollar is being eroded, which could be good news for Bitcoin. Blackrock CEO Laurence Fink believes the recent " drama " around the United States debt ceiling has deteriorated global trust in the U.S. dollar, something that other analysts predict could provide some tailwinds for Bitcoin (BTC). Fink’s comments come as U.S. lawmakers passed a highly-anticipated bill to lift the $31.4 trillion debt ceiling on June 1. The U.S. Treasury indicated that the deadline for raising the debt ceiling was June 5. Any later, the country could begin defaulting on its debts. 314-117: The House passes the Biden-McCarthy debt ceiling agreement, raising the debt limit until 2025 and instituting discretionary spending caps for two years. 71 Republicans and 46 Democrats voted “no” on the bill. pic.twitter.com/RdU42whDd5 — The Recount (@therecount) June 1, 2023 According to a May 31 report from Reuters, Fink told the attendee...

Following its latest two-day policy meeting, the Federal Reserve has opted to raise Interest rate s another 25 basis points. Moreover, the Interest rate hike was expected by many, with some predicting a pause following this May meeting.  The Fed has engaged in its most aggressive fight against rising inflation rates in decades. Subsequently, today’s quarter-point raise represents the 10th consecutive increase in a single year, as the potential for an end to the increase reaches a fever pitch. BREAKING: Federal Reserve raises interest rates by 25bps. — Watcher.Guru (@WatcherGuru) May 3, 2023 Federal Reserve Inflation Fight Continues Amidst the budding banking crisis occurring in the US, all eyes were on the May FOMC meeting. Consequently, whether or not a continued inflation fight would commence, based on current economic data, was an undeniable focal point. Now, it has been revealed that the Federal Reserve has raised Interest rate s by another 25 basis poin...

Bitcoin bulls attempt to break higher as Fed liquidity upends quantitative tightening in place since 2021. Bitcoin (BTC) hit new nine -month highs on March 17 as the latest events in the growing United States banking crisis boosted crypto markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Banking crisis volatility sees $27,000 BTC price Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $27,025 on Bitstamp before consolidating. At the time of writing, the pair circled $26,500 with volatility ongoing after the Wall Street open. A catalyst for fresh upside had come in the form of the Federal Reserve’s balance sheet data overnight, this showing almost $300 billion being injected into the economy as part of the banking crisis response. The event effectively undid months of liquidity removal under the Fed’s quantitative tightening (QT), and commentators were quick to call the restarting of the opposite phenomenon — quantitative easing (QE). “They’...