Interest Rates

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.

December's Producer Price Index jumped 3%—well above forecasts—and Bitcoin fell as markets reassessed the timing of rate cuts. Persistent inflation is weighing on risk assets.

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.

Powell may signal a 'dovish pause' at this week's Fed meeting, which could weaken the dollar and provide near-term upside for Bitcoin. Still, remarks on balance-sheet policy or lingering inflation risks could curb any sustained rally.

Minutes from the BOJ’s latest policy meeting show openness to further rate cuts even after a recent reduction, and the yen’s sharp fall has unsettled crypto traders and markets.

Fed Chair Jerome Powell suggested the FOMC may delay cutting rates, raising odds that policymakers will leave policy unchanged at the January meeting. Bitcoin slid after trading as high as $94,000 earlier in the day.

The Federal Reserve announced a 25bps rate cut, citing rising job-market risks and easing inflation. The move is likely to revive risk appetite and could favor crypto through cheaper financing and renewed institutional flows.

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.

Traders are eyeing the Fed's December decision as a potential catalyst for XRP to surge past $3 or slump back toward October lows. The outcome will likely hinge on guidance for rates, inflation, and liquidity that shape risk appetite across crypto.