This week Bitcoin will face major volatility across a key 48 hour period: Fed first, GDP and PCE right after
Bitcoin faces a 48-hour macro trap as the Fed speaks first, but GDP and PCE get the last word.
Hello, Monday.
Bitcoin braces for a high-stakes 48-hour volatility storm with the Fed's word first, followed by GDP and PCE data that could reprice the market, as OpenAI's advanced image model signals an imminent surge in hyper-realistic crypto scams, while DeFi's $13B monthly losses underscore both the brilliance and fragility of efforts like the KelpDAO rescue. Get the latest crypto news highlights below.
The global crypto market cap is $2.56 trillion, with a 24-hour volume of $141.41 billion. The price of Bitcoin is $76,792.75, and BTC market dominance is 60.0%. The price of Ethereum is $2,275.74, and ETH market dominance is 10.7%. The best-performing sector is Terra, which gained 19%. The Crypto Fear & Greed Index is currently Neutral (47).
📰 Top News
This week Bitcoin will face major volatility across a key 48 hour period: Fed first, GDP and PCE right after
Bitcoin faces a 48-hour macro trap as the Fed speaks first, but GDP and PCE get the last word.
OpenAI’s new image model shows why crypto scams are about to get much worse
A crypto founder says he nearly got hacked after joining what looked like a Microsoft Teams call with a familiar Cardano Foundation contact.
DeFi lost $13B this month as the KelpDAO rescue shows both the best and worst of DeFi
The rescue effort that has already lined up tens of thousands of ETH also exposes the uncomfortable reality that DeFi’s biggest crises still depend on multiple factors.
Buy Borrow Die Guide Series: Why long-term crypto holders borrow against assets instead of selling
A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto. Brought to you by CoinRabbit.