BTC Drops Below $77K After Warsh's $488M Liquidation Shock
Forward guidance is out, so every CPI and labour print between now and the September decision now reprices Bitcoin on its own, with no Fed hand-holding to soften the move.
Every Zipp story tagged #RateHike, newest first.
Forward guidance is out, so every CPI and labour print between now and the September decision now reprices Bitcoin on its own, with no Fed hand-holding to soften the move.
Warsh's first Jackson Hole remarks land while Bitcoin tests its 50-week moving average, the technical pivot that has separated true bottoms from countertrend rallies in every prior midterm year.
A 57% rate-hike probability puts monetary policy at the center of a historical September pattern, though the dates are a timing signal, not proof of a repeat.
With September hike odds jumping to 43% from 23% on the same day, the real story isn't the hold, it's the market's read that the Fed is now behind the curve on the long end.
Futures price only 10bp of tightening against a possible 25bp move, the loosest setup since 1994. Under a chair who rejects forward guidance, that gap is the whole trade.
A rate hike into an already-softening labour market was not the base case two weeks ago; the repricing is forcing desks to hedge for a hawkish surprise rather than a dovish cut.
South Korea is one of the world's most active retail crypto markets, so a pivot from easing to tightening hits local risk appetite just as global liquidity starts to thin.
The surprise rate increase is the BoK's first in more than three years and lands as Asian risk-off sentiment deepens, with rate-sensitive crypto and regional equities bracing for tighter liquidity.
Headline CPI dropped 0.4% versus 0.1% expected and core was flat, undercutting the hawkish drift that had pushed July hike odds to 42% just a day earlier.
The spot sell that pierced $60K, not the cascade after, is what broke positioning: roughly $470M in BTC sell orders hit Binance in a single minute and ETF outflows are now in a seventh straight week.
A 3% slide in NVIDIA below a $5T market cap pulled crypto and the S&P 500 lower, with rate-hike speculation and ETH Foundation layoffs deepening the risk-off tone.
The shorter statement, absent dot-plot additions, and a rising 2-year yield together tell the real story: the Fed isn't telegraphing cuts anymore, and the bond market is already doing the Fed's job…
Fed funds futures have now priced a 35% chance of a September rate hike — up from 12% a week ago — and the dollar's surge past 100 is putting fresh pressure on risk assets across the board.
Nine of eighteen FOMC projections now point to a year-end hike — the sharpest regime flip since the post-cut consensus, and a stance change that put the committee's median dot on a tightening path…
The flow reversal matters more than any single-day print: bitcoin funds shed $82M and ether funds $29M, with even BlackRock's IBIT in the red, as the Fed's new projections priced out the cuts crypto…
Bond traders are now pricing a 2026 rate hike while stocks decouple from yields — a macro pincer that drains the liquidity bid crypto’s recovery was built on.
Wednesday's FOMC minutes broke the assumption underpinning Bitcoin's 2026 bull case — that the Fed's next serious move was a cut — and the market is now repricing the other direction.
CME FedWatch now prices a 54.1% probability of a December hike versus 1.5% for any cut — the same book that opened the year betting on two-plus cuts — and Bitcoin's macro setup is paying for it.
Bitcoin's recent rally is showing serious fault lines as two converging signals flash red simultaneously: record ETF…
The April core PPI print was the steepest since March 2022, and traders are now pinning the next move to Trump-Xi talks in Beijing and Thursday's Senate Clarity Act hearing.