[xw breaking news] 📉 Fed rate hike triggers market turbulence, putting pressure on cryptocurrencies; gold and US stocks diverge
- The Fed, after three years, raised rates by 25 basis points for the first time and signaled that further tightening may continue; US stocks fell broadly as investors' risk appetite declined
- The cryptocurrency sector weakened due to the impact of rising interest rates; Bitcoin fell, but miner shares such as Cipher rose against the trend thanks to advantages in energy costs
- Gold's safe-haven appeal stood out: it was pressured by a stronger US dollar, but long-term inflation expectations may support demand for it as a store of value
- Energy sector performance diverged: shale oil’s share of production in Argentina rose to 72%, showing global supply resilience; Granite Construction won a large road order, benefiting infrastructure-related futures
- Private credit markets were active: KKR doubled the size of its private credit fund to $80 billion, reflecting institutional optimism about AI-driven credit demand
- ETF flows diverged: IEI (short-term Treasury ETF) saw outflows, while an ETF under JPMorgan recorded a single-day net inflow of $285 million, suggesting some capital shifted toward defensive or active management products
$BTC $ETH
Companies involved: Anthropic
- The Fed, after three years, raised rates by 25 basis points for the first time and signaled that further tightening may continue; US stocks fell broadly as investors' risk appetite declined
- The cryptocurrency sector weakened due to the impact of rising interest rates; Bitcoin fell, but miner shares such as Cipher rose against the trend thanks to advantages in energy costs
- Gold's safe-haven appeal stood out: it was pressured by a stronger US dollar, but long-term inflation expectations may support demand for it as a store of value
- Energy sector performance diverged: shale oil’s share of production in Argentina rose to 72%, showing global supply resilience; Granite Construction won a large road order, benefiting infrastructure-related futures
- Private credit markets were active: KKR doubled the size of its private credit fund to $80 billion, reflecting institutional optimism about AI-driven credit demand
- ETF flows diverged: IEI (short-term Treasury ETF) saw outflows, while an ETF under JPMorgan recorded a single-day net inflow of $285 million, suggesting some capital shifted toward defensive or active management products
$BTC $ETH
Companies involved: Anthropic