Bitcoin fell after the Fed’s pause, but blaming interest rates misses the Binance shock

The Federal Reserve asked for more information before changing interest rates. Eighteen and a half hours later, the economy supplied it: growth was strong, inflation remained elevated, and households were spending more without buying much more. But before investors could settle what that combination meant for Bitcoin, a Binance security breach raised a more immediate… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inb
Key Takeaways
- Bitcoin fell after the Fed’s pause, but blaming interest rates misses the Binance shock.
- The Federal Reserve asked for more information before changing interest rates.
- Eighteen and a half hours later, the economy supplied it: growth was strong, inflation remained elevated, and households were spending more without buying much more.
The Federal Reserve asked for more information before changing interest rates. Eighteen and a half hours later, the economy supplied it: growth was strong, inflation remained elevated, and households were spending more without buying much more. But before investors could settle what that combination meant for Bitcoin, a Binance security breach raised a more immediate… Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Read Complete Original Article
Published originally on CryptoSlate
Related News

North Korea-linked group steals $6.3B from Binance in largest-ever cryptocurrency hack
North Korea-linked group steals $6.3B from Binance in largest-ever cryptocurrency hack Cybersecurity Dive

Bitcoin Price Today: BTC Fell to a 5-Week Low After $1.3 Billion in Longs Were Liquidated. Can It Hold $76,600?
Bitcoin Price Today: BTC Fell to a 5-Week Low After $1.3 Billion in Longs Were Liquidated. Can It Hold $76,600? 24/7 Wall St.

Binance heist: How were cryptocurrency billions stolen?
Binance heist: How were cryptocurrency billions stolen? France 24

Brothers sentenced for $8M cryptocurrency kidnapping of Minnesota family
Brothers sentenced for $8M cryptocurrency kidnapping of Minnesota family FOX 9 Minneapolis-St. Paul

