Financial markets are sending mixed signals as uncertainty reaches new highs. On Feb. 25, the US debt ceiling was raised from $36.1 trillion to $40.1 trillion, marking another massive expansion in government borrowing.
Senator Cynthia Lummis, the sponsor of a bill calling for the US to set up a Bitcoin reserve, suggested that progress on the proposal is likely to take longer than many crypto advocates would like.
Bitcoin has fallen below $85,000, marking a 22% decline from its all-time high of $109,000 in January. The drop follows accelerating outflows from Bitcoin ETFs and broader macroeconomic uncertainty. Over February,
Fed chair Powell risks provoking U.S. president Donald Trump if the Fed doesn’t resume interest rate cuts soon, with Trump posting to X that “interest rates should be lowered,” following the Fed’s decision to leave them on hold earlier this month.
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The US Federal Reserve is expected to cut interest rates twice in 2025, which could boost Bitcoin’s price as investors favor riskier assets because of their potential for higher returns.
Bitcoin's price follows liquidity trends closely. As global M2 expands, BTC’s recent decline may signal a temporary bottom before a potential rebound.
More than a stunt, the Fort Knox visit might be a chance for the President to change the price of gold and dump the price hike into cryptocurrency.
Investing.com -- Senator Cynthia Lummis, who has proposed a bill for the U.S. to establish a Bitcoin reserve, has indicated that the progress on this proposal might take more time than many cryptocurrency supporters anticipate., according to Bloomberg News.
The January print of the Personal Consumption Expenditures (PCE) index, known to be the Federal Reserve’s “preferred” inflation gauge, came in at 0.3% and 2.5% month-on-month and year-on-year, respectively.
Bitcoin's drop below $80,000 comes as ETF outflows surge and macro pressures mount. But how does the current dip stack up against the past?
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