NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps

Christian Encila
Christian Encila
3 years ago
2 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cryptocurrency markets were sluggish Friday after Federal Reserve Chairman Jerome Powell stated that interest rate hikes should be made “more quickly.”

Powell also indicated that a rate hike of 0.5 percentage point was “on the table” for next month.

James Bullard, President of the St. Louis Federal Reserve Bank, said Tuesday that he expects interest rates to reach as high as 3.5 percent by the end of the year.

Bitcoin fell to $40,586 on Friday, down from a daily high of $42,965 at noon, while the whole cryptocurrency market retreated to $1.88 trillion.

Tuesday morning, Bitcoin’s price fell below the $40,000 mark before regaining a few hours later. Bitcoin hovered just above $42,000 on Thursday.

Make Or Break For Bitcoin

The $40,000 barrier has emerged as a make-or-break point for Bitcoin, market observers say, as its performance from there could set the tone for whether the market reaches another bullish or bearish phase.

With inflation surging, stocks collapsing, and investors clueless on how rapidly the central bank will hike interest rates, many would argue that now is the optimal time to invest in Bitcoin.

Suggested Reading | Metaverse Tokens On Overdrive, Outpace Bitcoin And Ethereum

Nonetheless, the world’s most valuable digital asset has shed almost 20% of its value thus far this year, dipping as low as $33,000 on January 25 before recovering. Bitcoin reached an all-time high of roughly $69,000 on November 8, last year, just over three months ago.

BTC total market cap at $775.76 billion on the daily chart | Source: TradingView.com

Bitcoin’s trading history has been turbulent and volatile from its inception. Cryptocurrency as an asset class continues to evolve in lockstep with the forces that impact its prices.

Cryptocurrencies have continued to track the tech industry’s recent decline, as the Nasdaq fell 2% Friday, the most since middle of March.

Rate Hike To Contain Inflation

Interest rates are being raised in order to counteract rising inflation, which reached 8.5 percent last month. High-growth investments, on the other hand, such as technology, are appraised using a discounted cash flow concept.

Investors have been grappling with rising inflation, geopolitical issues, and concerns about the central bank tightening monetary policy.

The Fed’s March meeting minutes released last week revealed its intention to cut its balance sheet by $95 billion each month to contain inflation.

Meanwhile, in another development, Elon Musk’s electric vehicle company Tesla is hodling Bitcoin.

On the company’s balance sheet, digital assets total $1.261 billion. Since the first three months of last year, the Austin, Texas-based EV giant has neither purchased nor sold any crypto assets.

Suggested Reading | Crypto Quick Look: BTC Touches $42,000, ETH Notches 10-Day Peak

Featured image from Investors King, chart from TradingView.com
Tweet123Share196ShareSend
Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin price

Bear Market Alert: Top Expert Claims Bitcoin Price Fate Hangs On $101,700 Support Level

The Bitcoin price showed some signs of recovery at the start of the week, trading above the $110,000 mark. This...

Ronaldo Marquez 1 hour ago
A hónap 5 legjobb kriptovalutája: 2025. július legnagyobb kripto nyertesei

Bitcoin Price Stabilizes After Drop — Early Signs Of Recovery Emerge

Bitcoin price is attempting to recover above $108,000 and $108,500. BTC tested $111,800 and is currently trimming recent gains. Bitcoin...

Aayush Jindal 2 hours ago
bitcoin

Bitcoin Enters ‘Disbelief Phase’ – Could Short Sellers Face The Next Squeeze?

After the massive crash on October 10 – which saw Bitcoin (BTC) touch $102,000 before recovering some losses – some...

Ash Tiwari 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

fed usa Crypto conference

Έκπληξη από τη Fed – Επίσημο συνέδριο για τα κρυπτονομίσματα ανακοινώθηκε στις ΗΠΑ

Ιωάννης Ριζόπουλος 4 minutes ago
BTC, Bitcoin

Bitcoin (BTC) Price Eyes $114,000 Retest Amid Bounce, But Analyst Suggests Caution

Rubmar Garcia 49 minutes ago
Crypto US : rencontre clé avec des sénateurs démocrates sur la régulation — enjeux et calendrier

Crypto US : rencontre clé avec les sénateurs démocrates sur la régulation

evanss 1 hour ago

Premium Sponsors

Press Releases

  • 仮想通貨おすすめ:政府閉鎖で注目高まるCPI発表と次回利下げを巡るFRBの動き

    ...

    16 hours ago
  • ドージコイン 今後の価格予測:0.86ドル到達の可能性、次世代ミームトークンが10倍成長か

    ドージコイン...

    16 hours ago
  • リップル 今後 に注目:オプション市場の強気転換が示すBTC・ETHからXRP・SOLへの資金移動

    リップル 今後...

    16 hours ago
  • 新しい仮想通貨が急上昇:レイヤー2プレセールで2,500万ドル目前

    ...

    16 hours ago
  • コインベース市場回復前に注目すべき仮想通貨プレセール銘柄

    ...

    17 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.