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17:25
Gold price surpasses $5,000 again as mild inflation strengthens expectations of a Fed rate cut
Gold prices strengthened as traders further bet on a Federal Reserve rate cut following the release of mild inflation data, while some investors chose to buy the dip after a sharp decline in gold prices on Thursday. The relatively mild U.S. January inflation data effectively eased market concerns about rapidly rising inflation, boosting market expectations for a Fed rate cut. After the data was released, the yield on the U.S. 10-year Treasury note fell, and interest rate swap market traders estimated about a 50% chance that the Fed would implement a third rate cut before December. As a result, gold prices rose as much as 2.3% intraday. Generally, falling interest rates are favorable for non-yielding assets like gold. Spot gold rose 1.9% intraday to $5,016.90 per ounce. Silver rose 3.4% to $77.81 per ounce, while platinum and palladium prices also climbed, and the U.S. dollar index fluctuated within a limited range.
17:22
Data: 661.19 BTC were transferred out of an exchange, routed through an intermediary, and then flowed into another exchange.
According to ChainCatcher, Arkham data shows that at 01:13, 661.19 BTC (worth approximately $16.74 million) were transferred from an exchange to an anonymous address (starting with bc1q05xs6...). Subsequently, this address transferred part of the BTC (243.82 coins) to an exchange.
17:19
Mike McGlone predicts near-zero inflation in 2026, with bitcoin potentially leading the recession
Mike McGlone from Bloomberg Intelligence stated that historical CPI patterns indicate that inflation could approach zero in 2026, and bitcoin may play a dominant role in a deflation-driven economic recession. (Cointelegraph)
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