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Bitcoin is hovering around $76,000 as the Federal Reserve raised the Federal Funds rate by 25 basis points. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $75,854 Ethereum (CRYPTO: ETH) $2,403 Solana (CRYPTO: SOL) $98.02 XRP (CRYPTO: XRP) $1.28 Dogecoin (CRYPTO: DOGE) $0.08013 Shiba Inu (CRYPTO: SHIB) $0.0 5 4849 No
Leading cryptocurrencies slid after August producer prices rose 5.4% year over year, above economists’ expectations. Bitcoin dipped below $77,000 and crypto-linked stocks also weakened.
Bitcoin rose 0.11% to $77,357.55 and Ethereum gained 0.97% to $2,450.00, while XRP fell 0.78% and Dogecoin dropped 1.90% amid a broader crypto pullback.
Veteran economist Peter Schiff said Federal Reserve Chair Kevin Warsh ‘s inflation-fighting rhetoric doesn’t match the central bank’s actions after the Fed’s balance sheet jumped by more than $11 billion last week. Fed is Creating Inflation, Schiff Says “Forget about what Warsh says; pay attention to what the Fed does,