Bitcoin Holds Steady Amid Fed Rate Hike While Political Odds Shift
Bitcoin stayed in a narrow $83,000-$83,600 band as the Fed raised rates, despite a rising probability of Democratic control in the midterms.
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Bitcoin stayed in a narrow $83,000-$83,600 band as the Fed raised rates, despite a rising probability of Democratic control in the midterms.
Polymarket assigns about a 64% probability to a 25-basis-point rate increase in October, a development that could pressure Bitcoin and other digital assets.
A massive Treasury coupon settlement on Sept. 30 may pressure overnight funding rates and influence Bitcoin’s price trajectory.
The Fed’s draft rule introduces an hourly crisis clock that may require stablecoin issuers to liquidate reserves within two days of a reserve shortfall.
S. regulators to launch a series of crypto-focused rules, shifting the industry’s hopes from Congress to agencies.
Analysts see XRP near its median forecast but warn the model also allows a drop to $1.18 by year-end.
Bitcoin slipped to around $83,600 while XRP and Solana posted double-digit weekly gains.
The U.S. central bank released draft regulations that would set capital standards and outline how banks may issue stablecoins, opening a 60-day comment period.
The Fed’s draft framework imposes tiered capital charges, faster redemption windows and stricter reporting for stablecoin providers.
The Fed released two rule proposals that would require stablecoins to be fully collateralized with liquid assets and set a detailed licensing path for banks.
The Federal Reserve has proposed new reserve-asset caps and standardized capital requirements for stablecoin providers under the GENIUS Act.