Morning Edition · Tuesday, July 14, 2026Published at 1:28 AM EDT · New York
Bitcoin Falls to About $62,400 as Traders Raise Bets on a July Fed Rate Increase
Major tokens dropped 2% or more before a U.S. inflation report and testimony from Federal Reserve Chair Kevin Warsh, even as one asset manager argued prices have detached from adoption.
Bitcoin fell more than 2% over 24 hours to about $62,380 as traders raised their bets on a Federal Reserve interest-rate increase at the July 28-29 meeting, CoinDesk reported. Ether and XRP fell alongside it. Investors are focused on a Unit…
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Spot-ETF Flows Set the Marginal Crypto Price
Creation and redemption in spot Bitcoin and Ether exchange-traded funds have become the marginal price-setting flow for the two largest crypto assets, so allocation decisions at a small number of asset managers transmit macro conditions into crypto faster than on-chain fundamentals do.
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