Episode Details

Early Bitcoin holders, known as original gangsters in crypto circles, sold off significant amounts of Bitcoin following the Federal Reserves hawkish stance on interest rates. Two long-term whales dumped over one thousand six hundred fifty Bitcoin, cashing out over one hundred seventeen million dollars. This sold-off, along with the Feds decision to hold benchmark rates steady, led to a nearly one percent drop in Bitcoins price and a broader market slide of three percent. Market bets have shifted, with an eighty percent chance of only one rate cut expected this year, down from earlier predictions of more easing.

Support the show:
Get a discount at https://solipillow.com/discount/dnn.

Advertise on DNN:
advertise@thednn.ai

This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.

View sources & latest updates:
https://sources.thednn.ai/849f5016ad94c800