U.S. Senator Cynthia Lummis has stated that creating a national Bitcoin reserve could be a powerful tool to reduce the U.S. national debt, which now exceeds $37 trillion.
After U.S. Federal Reserve Chair Jerome Powell shifted market expectations regarding a possible rate cut in December, gold prices continued to fall for the fourth consecutive session, dropping to $3,972.30 per ounce (-0.71%).
Bitcoin fell on Thursday as traders assessed the outcome of the meeting between U.S. and Chinese leaders, while cautious comments from the Federal Reserve added further pressure.
Trading firm QCP Capital released a new analytical report emphasizing that the current week could be crucial for the cryptocurrency market. The firm believes that upcoming events are more important for Bitcoin than traditional macroeconomic factors.
Federal Reserve Governor Christopher Waller, speaking at the Fed’s first-ever Conference on Payments Innovation, said that the central bank must “embrace change” amid the rise of digital assets and decentralized finance (DeFi).
The U.S. government’s Bitcoin reserves have surpassed $36 billion after the U.S. Attorney’s Office for the Eastern District of New York and the Department of Justice’s Homeland Security Division seized 127,271 BTC (worth $14 billion) from a former Chinese citizen.
Bitcoin slipped slightly on Wednesday, extending a bearish trend triggered by a sharp wave of liquidations earlier this week, as traders weighed cautious remarks from Federal Reserve Chair Jerome Powell and awaited key U.S. inflation data.
Bitcoin edged higher on Wednesday after hitting a seven-week low in the previous session, as risk appetite remained weak following U.S. President Donald Trump’s attempt to fire Federal Reserve Governor Lisa Cook, which heightened concerns about the central bank’s independence.
Bitcoin fell below $113,000 on Monday, erasing the sharp rally triggered by dovish remarks from Federal Reserve Chair Jerome Powell, while the world’s second-largest cryptocurrency, Ether, traded near record highs.
After the speech of U.S. Federal Reserve Chairman Jerome Powell on August 22, the likelihood of a key rate cut in America increased, and this event may affect the cryptocurrency market.
The cryptocurrency market reacted with growth to remarks by Federal Reserve Chair Jerome Powell, who hinted at readiness to cut the key interest rate in September.
Federal Reserve Vice Chair Michelle W. Bowman urged regulators to integrate blockchain technology and digital assets into the banking system during her remarks at the Wyoming Blockchain Symposium 2025 on Tuesday.
On July 30, the U.S. Federal Reserve (Fed) kept the key interest rate in the range of 4.25–4.5%.
Bitcoin remained within a narrow range around $119,000 on Tuesday as investors awaited clarity on U.S. trade talks and showed caution ahead of the upcoming Federal Reserve decision on monetary policy.
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