Bitcoin Falls as Hot Inflation Puts a Fed Hike Back on the Table
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Bitcoin Breakout Cools as Fed Rate-Hike Bets Climb
Bitcoin has slipped back below $85,000 after tagging an eight-month high near $87,400 last week, with rising odds of an October Fed hike taking some air out of the rally.
Bitcoin price dips below $82K as high oil prices spike US CPI inflation
Bitcoin fell below $82,000 while bond yields targeted new 24-year highs on the back of hot US CPI inflation.
Bitcoin Jumps on Cool PCE Inflation Data as Bond Yields Hit 20-Year Highs
The Fed's favorite inflation gauge came in cooler than expected, rate-hike odds fell and Bitcoin traders took the hint.
Bitcoin falls below $84K as 10-year Treasury yield hits 19-year high
Bitcoin traded near $83,200 as Fed hike odds reached about 75% and Treasury prepared a $6 billion buyback of long-dated bonds.
South Korean bank launches Bitcoin-backed business loans: Report
Jeonbuk Bank reportedly began offering Bitcoin-backed loans to corporate customers, with a third-party custodian holding the cryptocurrency used as collateral.
This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million
The Bermuda-based insurer, which runs entirely on Bitcoin, drew the funding from existing backers led by Bain Capital Crypto after a record year driven by demand from wealthy families in Asia, Europe and the Middle East.