Українська
Русский
English
Bitcoin: Price Holds Around $113K Amid Fed Rate Concerns
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.
The latest price of the world’s largest cryptocurrency was down 0.2% at $112,790.5 as of 06:11 MSK, hovering near its lowest level in two weeks.
Bitcoin Holds Losses After Liquidation Wave; Fed Outlook in Focus
On Monday, Bitcoin fell nearly 3% at one point as roughly $1.5 billion in crypto positions were liquidated in a single day.
This liquidation, the largest since March, triggered forced selling in derivatives markets, leading to steep losses in Ethereum and other altcoins.
Reports indicated the sell-off intensified as traders held directional bets via options contracts designed to profit from sharp swings.
The rout came just days after Bitcoin and other digital assets initially rallied on the Fed’s quarter-point rate cut last week — the first easing in several months.
That optimism proved short-lived, as risk appetite shifted due to the Fed’s cautious policy outlook.
In his remarks, Fed Chair Powell said the central bank must act carefully when weighing further reductions in borrowing costs.
He acknowledged that a softer labor market could allow for more easing but warned that overly aggressive cuts could undermine progress in fighting inflation.
Attention now turns to Friday’s release of the U.S. Personal Consumption Expenditures (PCE) index — the Fed’s preferred inflation gauge.
Tether Seeks to Raise Up to $20B at $500B Valuation — Bloomberg
Tether, the El Salvador-based company behind the USDT stablecoin, is in preliminary talks to raise $15–20 billion through a private placement that could value the firm at around $500 billion, Bloomberg News reported Tuesday.
The potential deal would involve selling about 3% of the company’s shares, according to the report.
Tether CEO Paolo Ardoino said Wednesday that the firm is exploring raising capital from a group of well-known investors.
Crypto Prices Today: Altcoins Stay Range-Bound; Solana Drops 5%
Most altcoins also stayed range-bound after sharp losses earlier this week.
The world’s second-largest cryptocurrency, Ethereum, fell 0.7% to $4,174.06, holding at its lowest level in over a month.
The world’s third-largest cryptocurrency, XRP, slipped 0.5% to $2.85.
Solana fell 4.5%, Cardano lost 1.7%, and Polygon declined 1%.
Among meme tokens, Dogecoin dropped 1.5%, while $TRUMP traded flat.
See also: "Bitcoin rises ahead of the Fed’s interest rate decision"
