Bitcoin is stalling at the $97,000 mark and at the time of writing Fed member Goolsbee makes a statement. The statements of the Fed member, who remains distant from interest rate cuts, are very important, especially after the latest data. We will also cover today’s calendar. What is the latest situation in cryptocurrency markets?
Fed Statements
Employment came in better than expected last week. Although inflation was within expectations this week, PPI made a surprise yesterday. Market expectations for interest rate cuts are not very hopeful for the first quarter. Rates are expected to be kept constant at the January 28 interest meeting. Fed member goolsbee He said the following in his ongoing statements:
“I am not surprised by the low jobless claims data. The data shows stability in the job market. There is still strength in employment and overall growth is good.”
Fed’s The most important thing it faces is the need to get inflation back to 2%. Interest rates could still fall considerably, but conclusive evidence that inflation is receding is needed. “Service inflation has not been brought under control yet.”
In summary, the Fed’s hawks are now even further away from interest rate cuts with the latest employment data. If we do not see inflation rates approaching 2%, it will be possible for Fed members, who will constantly voice the 2% target with the effect of the recovery in employment, to prevent reductions in the first half of 2026. Last year’s three interest rate cuts came after figures signaling an extreme weakening in employment. There is no such environment under today’s conditions.
Markets and Crypto
Today starnet (STRK) lock opening (4.83% of Supply), SEI lock opening (1.05% of Supply) and BitMine Investor Meeting (Largest ETH reserve company). Initial unemployment claims came in at 1.884 million, against expectations of 1.897 million. Previous month and below-expected filings make things easier for Fed hawks like Goolsbee.
Looking at the general markets, Taiwan Semiconductor Manufacturing Co. announced that it will allocate $56 billion in capital expenditures for 2026. The $56 billion planning is positive in that it weakens the artificial intelligence bubble debate. Iran prevented US attacks by promising not to execute protesters under pressure from President Donald Trump, meaning the risk of escalating geopolitical tensions has weakened, and this is the second agenda item in favor of cryptocurrencies.
The Fed’s Bostic is making remarks at the Metro Atlanta Chamber board meeting as the article was being prepared. He mentioned that labor markets are not overly tight or loose, and he advocates for monetary policy to remain tight as inflation remains high (the target is 2%).
The Fed’s Barr will speak about stablecoins at the Wharton School Future of Finance Forum at 5:15 p.m. What he has to say about cryptocurrencies is important.
The Fed’s Barkin will speak at the Virginia Bankers Association’s 2026 Financial Forecasts meeting at the Greater Richmond Convention Center at 8:40 p.m. interest rate cuts Fed member who opposes Schmidwill make statements about the economic outlook and monetary policy at the Kansas City Economic Club of the Federal Reserve Bank of Kansas City. Schmid will speak at 21:30.
BTC It is stalling around $97,000 and the real rise will start with a break of $98,000 in volume.
