Paxos CEO Charles Cascarilla told the Federal Reserve’s Payments Innovation Conference that stablecoins have the potential to disrupt and reshape global payments. His remarks framed the technology as a driver of faster, cheaper cross-border transfers and deeper engagement between industry and regulators.
September U.S. jobs topped forecasts while the unemployment rate ticked up, boosting expectations for a Federal Reserve rate cut and sending Bitcoin higher. The mixed labor read highlights how macro data can quickly shift crypto market sentiment.
Ethereum dipped to $2,870 on Nov. 19 after Fed minutes rattled markets. Technicals and price action point to solid support around $2,800.
FOMC minutes showed many Fed officials oppose another rate cut this year amid rising inflation concerns, dimming expectations for a December easing. Bitcoin fell as markets adjusted to a stickier policy path.
Bitcoin tumbled below $96,000 as global equity losses deepened and tech stocks posted their worst decline in over a month. Diminishing Fed rate cut odds—now around 52%—intensified a risk-off shift that pressured crypto markets.
Bitcoin slipped to $96,831.50 after a 6.04% drop while trading volume jumped 56% to $144.88 billion, signaling heightened volatility. Market participants are focused on upcoming Federal Reserve guidance that could steer short-term sentiment across crypto markets.
Asian equities fell Friday after Wall Street's selloff as Fed officials signaled caution on rate cuts, sending Bitcoin below $100,000 for the third time this month. The move underscores rising risk-off sentiment across stocks and crypto.
Major cryptocurrencies fell Wednesday as fading hopes for a December Fed rate cut pushed markets lower, leaving Bitcoin under $100,000 and traders cautious.
Bitcoin slipped sharply below the $100,000 mark after the U.S. government shutdown ended, with Treasury yields and Federal Reserve policy weighing on risk assets. Markets remain cautious despite the political resolution.
Bitcoin pulled back after a U.S. government shutdown disrupted the release of October inflation and jobs data, increasing macro uncertainty and triggering risk-off flows in crypto markets.