Bitcoin fell after the Fed’s pause, but blaming interest rates misses the Binance shock

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The Federal Reserve held interest rates between 3.75% and 4% in a 10-2 vote, with both dissenters calling for a quarter-point increase. Bitcoin subsequently fell below $77,000 as leveraged liquidations and a Binance security incident, estimated at roughly $6 billion with $3 billion frozen on-chain, intensified selling pressure. US growth of 3.4% and resilient private consumption offered little reason to expect rapid easing, while inflation remained above the Fed’s targets. Binance’s temporary withdrawal suspension primarily affected leveraged traders’ access to funds, operating through a different channel from the increased cost of credit caused by high rates. The incident therefore disrupted the exchange’s ability to manage collateral and transactions without changing the Bitcoin protocol itself.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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