Morning Minute: Bitcoin Falls After Powell's Likely Final FOMC
No rate cuts are coming any time soon, Big Tech earnings gave AI bulls more to work with, and Meta is back in crypto payments with USDC creator payouts....
Key takeaways
- 1Bitcoin fell 0.40% to $76,471 following Powell's FOMC statement signaling no near-term rate cuts.
- 2Meta re-entered crypto payments by enabling USDC creator payouts.
- 3Big Tech earnings boosted AI sector momentum despite broader crypto market weakness.
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Why it matters
Higher-for-longer interest rates pressure crypto valuations as investors favor traditional yields. Meta's USDC adoption signals institutional crypto legitimacy in payments, relevant for Indian crypto adoption trends and regulatory clarity discussions.
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