Friday, May 9, 2025
No Result
View All Result
newshub
  • Newshub news
    • Ukraine
  • Markets
    • Africa
    • Asia
    • Australia
    • Central Banks
    • China
    • Commodities
    • Corporate
    • Energy
      • Climate
      • Carbon
      • Coal
      • Disruptive
      • Gas
      • Nuclear
      • Oil
      • Solar
      • Water
      • Waves
      • Wind
      • Renewable
    • South America
    • South East Asia
    • Stock of the week
    • UK
    • US
    • Europe
    • Japan
  • Investment
    • Stock of the week
    • WEX – (Company links takes you to WEX)
      • Alt Kap Holding AB
      • Digital Network Holding, Inc.
      • Fantas-E AB
      • International Clean Energy Inc.
      • Intritum Partner Limited
      • Intritum Recycling GH Limited
      • MSTRpay AB
      • SWAP Services, Inc.
      • TC Unterhaltungselektronik AG
      • Universal Streaming Technologies – USTA
      • VMT Holding, Inc.
  • Fintech
    • AI
    • Banking
    • Blockchain
    • Crypto
    • MSTRpay
    • Neobanking
  • Lifestyle
    • Best chefs
    • Cocktail of the week
    • History
    • Influential women
  • Newshub news
    • Ukraine
  • Markets
    • Africa
    • Asia
    • Australia
    • Central Banks
    • China
    • Commodities
    • Corporate
    • Energy
      • Climate
      • Carbon
      • Coal
      • Disruptive
      • Gas
      • Nuclear
      • Oil
      • Solar
      • Water
      • Waves
      • Wind
      • Renewable
    • South America
    • South East Asia
    • Stock of the week
    • UK
    • US
    • Europe
    • Japan
  • Investment
    • Stock of the week
    • WEX – (Company links takes you to WEX)
      • Alt Kap Holding AB
      • Digital Network Holding, Inc.
      • Fantas-E AB
      • International Clean Energy Inc.
      • Intritum Partner Limited
      • Intritum Recycling GH Limited
      • MSTRpay AB
      • SWAP Services, Inc.
      • TC Unterhaltungselektronik AG
      • Universal Streaming Technologies – USTA
      • VMT Holding, Inc.
  • Fintech
    • AI
    • Banking
    • Blockchain
    • Crypto
    • MSTRpay
    • Neobanking
  • Lifestyle
    • Best chefs
    • Cocktail of the week
    • History
    • Influential women
No Result
View All Result
newshub
No Result
View All Result
ADVERTISEMENT

Bitcoin returns to $98K as Fed holds rates steady despite Trump’s demand

2025/05/08/08:04
in Crypto
Reading Time: 2 mins read
245 13
A A
Bitcoin returns to $98K as Fed holds rates steady despite Trump’s demand
MSTRpay MSTRpay MSTRpay
ADVERTISEMENT

Bitcoin’s price wobbled after the Federal Reserve kept interest rates unchanged but bounced back and reclaimed $98,000 shortly after.

Bitcoin has reclaimed $98,000 for the first time in almost three months after the US Federal Reserve said it would keep interest rates the same for another month.

The Fed’s decision to keep interest rates unchanged comes despite mounting pressure from US President Donald Trump, who just weeks ago threatened to fire Fed chair Jerome Powell for being “too late” in cutting rates.

Fed cites higher unemployment, inflation risk

Powell said on May 7 that the Federal Reserve rate-setting committee held rates in the 4.25% to 4.50% range due to the rising risks of higher unemployment and higher inflation.

He added inflation has “come down a great deal but has been running above our 2% longer objective.” Powell said surveys in households and businesses showed a “sharp decline in sentiment” mainly due to concerns over Trump’s trade policy.

WE/X WE/X WE/X
ADVERTISEMENT

However, Powell said that “despite heightened uncertainty, the economy is still in a solid position.” In the days leading up to the announcement, data from CME Group’s FedWatch Tool indicated that the futures market expected minimal odds of a rate cut.

Powell said the unemployment rate remains low, and the labor market is “at or near maximum employment.” The market expects the Fed to drop the Fed funds rate to 3.6% by the end of 2025.

Cryptocurrencies, Bitcoin Price, Markets
Bitcoin fell below $96,000 before retracing back above $98,000 just hours later on May 7. Source: CoinMarketCap

Bitcoin BTC $98,760 dropped below $97,000 to $95,866 after Powell’s speech, but it shot up to tap $98,000 for the first time since Feb. 21 just hours later. 

Bitcoin momentum has been building, with the Crypto Fear & Greed Index returning to “Greed” territory, and spot Bitcoin exchange-traded funds (ETFs) posting inflows of almost $4.41 billion since March 26.

On March 9, network economist Timothy Peterson warned that if the Fed holds off on rate cuts in 2025, it may cause a broader market downturn, potentially dragging Bitcoin back toward $70,000.

ADVERTISEMENT

Peterson’s forecast came after Powell said in March that “we do not need to be in a hurry and are well-positioned to wait for greater clarity.”

Source: Cointelegraph

Related Posts

Bitcoin, gold and silver are in a strong bull market: Veteran trader explains why
Crypto

Bitcoin options could pave the path for new BTC price highs — Here is how

by newshub
4 hours ago

Pro Bitcoin traders might use bullish options strategies to build pressure on short sellers. Key takeaways: 97% of the $8.3...

Read moreDetails
How much Bitcoin can Berkshire Hathaway buy?

How much Bitcoin can Berkshire Hathaway buy?

2 days ago
Why tokenized gold beats other paper alternatives — Gold DAO

Why tokenized gold beats other paper alternatives — Gold DAO

4 days ago
Bitcoin-to-gold ratio breaks 12-year support as gold price hits a record $3K

Bitcoin to $1M by 2029 fueled by ETF and gov’t demand — Bitwise exec

5 days ago
The Million-Dollar Bitcoin: A Speculative Journey

Bitcoin rallies toward $100,000 as institutions and regulators reshape digital finance

6 days ago
9 years after the first Bitcoin ATM, there are now 38,804 globally

US lawmaker proposes crypto ATMs in federal buildings

1 week ago
No Result
View All Result

Recent Posts

  • European markets open cautiously amid global trade optimism
  • Cocktail of the week: Beach House Falmouth’s the harbour
  • Why 74% of banking customers are ready to leave
  • Bitcoin options could pave the path for new BTC price highs — Here is how
  • ‘Reckless lunatic’: Trump critics flabbergasted by his latest pick for a crucial post

Recent Comments

    Archives

    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022

    Categories

    • Africa
    • AI
    • An diesem Tag
    • Asia
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Blockchain technology
    • Carbon
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Crypto
    • Deutsch
    • Deutsch PR
    • English PR
    • Europe
    • Focus on neobanking
    • Gas
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Japan
    • Lifestyle
    • Market
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • Newshub news
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Solar
    • South America
    • South East Asia
    • Stock of the week
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • WEX
    • Wind

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Recent Posts

    • European markets open cautiously amid global trade optimism
    • Cocktail of the week: Beach House Falmouth’s the harbour
    • Why 74% of banking customers are ready to leave
    • Bitcoin options could pave the path for new BTC price highs — Here is how
    • ‘Reckless lunatic’: Trump critics flabbergasted by his latest pick for a crucial post

    Categories

    • Africa
    • AI
    • An diesem Tag
    • Asia
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Blockchain technology
    • Carbon
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Crypto
    • Deutsch
    • Deutsch PR
    • English PR
    • Europe
    • Focus on neobanking
    • Gas
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Japan
    • Lifestyle
    • Market
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • Newshub news
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Solar
    • South America
    • South East Asia
    • Stock of the week
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • WEX
    • Wind

    Archives

    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    WE/X WE/X WE/X
    newshub

    © 2023-2025
    A part of MSTRpay
    MSTRpay
    Legal & Disclosure

    • Newshub news
    • Markets
    • Investment
    • Fintech
    • Lifestyle

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Please enter CoinGecko Free Api Key to get this plugin works.

    Add New Playlist

    No Result
    View All Result
    • Newshub news
      • Ukraine
    • Markets
      • Africa
      • Asia
      • Australia
      • Central Banks
      • China
      • Commodities
      • Corporate
      • Energy
        • Climate
        • Carbon
        • Coal
        • Disruptive
        • Gas
        • Nuclear
        • Oil
        • Solar
        • Water
        • Waves
        • Wind
        • Renewable
      • South America
      • South East Asia
      • Stock of the week
      • UK
      • US
      • Europe
      • Japan
    • Investment
      • Stock of the week
      • WEX – (Company links takes you to WEX)
        • Alt Kap Holding AB
        • Digital Network Holding, Inc.
        • Fantas-E AB
        • International Clean Energy Inc.
        • Intritum Partner Limited
        • Intritum Recycling GH Limited
        • MSTRpay AB
        • SWAP Services, Inc.
        • TC Unterhaltungselektronik AG
        • Universal Streaming Technologies – USTA
        • VMT Holding, Inc.
    • Fintech
      • AI
      • Banking
      • Blockchain
      • Crypto
      • MSTRpay
      • Neobanking
    • Lifestyle
      • Best chefs
      • Cocktail of the week
      • History
      • Influential women

    © 2023-2025
    A part of MSTRpay
    MSTRpay
    Legal & Disclosure