Bitcoin

PEPE

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surges-past-89600-following-fed-statements/" data-wpel-link="internal">Bitcoin Surges Past $89,600 Following Fed Statements</a> 
Bitcoin price surged above $89,600 moments ago, with PEPE Coin reaching an all-time high. The rally in the stock markets triggered by U.S. inflation data paused following statements from a Fed member. 
<h2 style="text-align: justify" id="fed-statements">Fed Statements</h2> 
In recent remarks, Fed member Kashkari indicated that surprises in inflation could halt interest rate cuts. Today’s inflation data, while higher than last month, can be seen as a lesser evil. What did the Fed member say? Key points include: 
<blockquote> 
 “The rise and fall of inflation are largely driven by supply. Risks were present even before the election, and we need to monitor the data. I do not see too much upward inflation risk yet; the bigger risk is getting stuck. We are in a good place in the labor market and want to remain there. The labor market is softening. High productivity indicates a higher neutral level. I am not ready to say inflation is stuck above 2%. There are still six weeks until the Fed’s next meeting, and more data will come. The CPI headline confirms the path we are following.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-406388 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/BTCUSDT_2024-11-13_17-13-28.png" alt="" width="1815" height="836"> 
Following the inflation data, U.S. short-term interest rate futures rose as traders began pricing in an increased likelihood that the Fed would cut rates in December. BTC quickly rose, recovering to $89,500 after a near $1,000 loss. 
The post <a href="https://en.coin-turk.com/bitcoin-surges-past-89600-following-fed-statements/" data-wpel-link="internal">Bitcoin Surges Past $89,600 Following Fed Statements</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Surges Past $89,600 Following Fed Statements

Table of Contents

COINTURK NEWS

Other articles published on Nov 13, 2024

How High Will Bitcoin Go? Key Factors Shaping Bitcoin’s Future Price Potential

Ethereum Foundation Researcher Proposes “Beam Chain” Upgrade, The Biggest Update Since The Merge

Nasdaq To List Japanese Crypto Exchange Coincheck After SEC Approval

Bitcoin Price Breaks $91k For the First Time – Why Is the Crypto Market Up Today?

Bitcoin’s ATH at $87.4K Signals Massive Rally Ahead as Analysts Gravitate Toward These 3 Altcoins

Cardano releases first financials report, shows $478M in assets mainly in ADA and BTC

Join our free newsletter for daily crypto updates!