U.S. PCE inflation came in at 2.9% year-over-year, hotter than expected. Bitcoin fell sharply after the release as markets reassessed the Fed's rate outlook.
Sen. Elizabeth Warren urged the Treasury Department and the Federal Reserve not to use taxpayer funds to rescue cryptocurrency billionaires or other heavily leveraged crypto investors, warning against socializing private losses.
The Federal Reserve is advancing a plan to grant cryptocurrency exchanges and fintechs direct access to its payment infrastructure via tailored "payment accounts," a proposal pushed by Governor Christopher Waller in late 2025. The move proceeds despite strong resistance from traditional banks.
Ripple formally filed comments in the Federal Reserve’s public consultation on the Reserve Bank Payment Account pilot (Docket OP-1877), advocating for potential direct access for non-bank firms. The move could reshape settlement pathways for fintechs and crypto firms such as XRP.
Bitcoin climbed after January nonfarm payrolls beat expectations by 130K, reinforcing a stronger labor market and lowering the probability of an imminent interest-rate cut.
Bitcoin slid to a two-month low on Friday as concerns that the next U.S. Federal Reserve chair could tighten liquidity lifted the dollar and pressured risk assets.
President Trump said he'll pick the next Federal Reserve chair by next week, renewing criticism of current chair Jerome Powell. Pro-crypto Governor Chris Waller has gained momentum as a leading contender, drawing attention from digital-asset markets.
The Federal Reserve left its benchmark rate unchanged at 3.50%–3.75%, while Bitcoin (BTC) and Ethereum (ETH) showed little movement as markets await Chair Jerome Powell's speech for further guidance.
Bitcoin faces renewed downside risk after President Trump threatened harsher military action on Iran as the cryptocurrency attempts to reclaim the $90,000 level ahead of today’s Fed decision. Traders may react to heightened geopolitical uncertainty on top of looming interest-rate signals.
BlackRock CIO Rick Rieder has become a popular pick in online betting as Trump weighs his next Federal Reserve chair, and he’s known for a pro-crypto stance — calling Bitcoin the 'new gold.' His views have drawn attention from investors watching policy risks and digital-asset adoption.