Bitcoin Moves Sideways on Fed Jitters and Trump Tariffs
On Saturday, February 8, bitcoin (BTC) edged 0.02% higher, following Friday’s 0.01% dip, closing at $96,654. Significantly, BTC moved within a tight range as investors considered the potential impact of recent US economic data and Trump’s tariffs on the Fed’s rate path.
US Labor Market and Consumer Sentiment Report Sinks Fed Rate Cut Bets
This week, lower US unemployment, steady wage growth, and rising consumer inflation expectations dampened hopes for an H1 2025 Fed rate cut.
Financial Market Newsflash
No financial news published today. Check back later.