Rate Cuts
Asia Open: Bitcoin Drops Below $100K as Fed Dents Rate-Cut Hopes
Bitcoin slipped under $100,000 in Asian trade after hawkish remarks from Fed officials trimmed bets on a near-term US rate cut, weighing on stocks and Wall Street futures. The move signals renewed sensitivity of risk assets to inflation and policy signals.
Bitcoin Hits Record $124,100 Before Market Pullback Amid Inflation Concerns
On August 14, 2025, Bitcoin surged to a new all-time high of $124,100 before dropping 5%, settling under $118,000. Ethereum also dipped 4% to around $4,500, as the total crypto market cap declined nearly 4% to $4.07 trillion. Market optimism over possible Federal Reserve rate cuts in September gave way to concerns following a significant increase in U.S. producer goods prices, affecting analyst confidence.
Published at 2025-09-09 13:06:27