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Here’s what happened in crypto today – BTC, inflation data, SEC and more

Press Releases Crypto News AMB-Crypto Here’s what happened in crypto today – BTC, inflation data, SEC and more

BTC remained in a tight price range ahead of U.S. inflation data.
Tether will begin minting USDT on Bitcoin and Lightning Network, while Kraken has re-launched U.S. staking services.

Bitcoin [BTC] has been tightly consolidating between the $100K-$105K price range post-FOMC update. As expected, the Fed held the interest rate unchanged, stating that ‘inflation was somewhat elevated.’

Source: CoinMarketCap

At press time, the king coin was valued at $104K, a few hours before the key U.S. PCE (Personal Consumption Expenditure) price index report.

The data would paint a more complete picture of the U.S. inflation status and directly affect future rate cut expectations and markets.

A cooler-than-expected inflation report could lift markets, while a hotter-than-expected data, could tank BTC into the weekend. Per the liquidation heatmap, key levels to watch were $97.5K, $108K, and $110K.

Tether on Bitcoin, Kraken resumes staking

In other developments, Tether announced plans to launch USDT minting on Bitcoin’s base layer and layer 2 Lightning Network.

The stablecoin issuer noted that the update is powered by Taproot Assets, a new protocol on the Bitcoin network. This protocol enhances functionality by allowing tokenized assets like USDT.

Reacting to the update, Paolo Ardoino, CEO of Tether, said,

“By enabling USDt on the Lightning Network, we are not only reinforcing Bitcoin’s foundational principles of decentralization and security but also creating practical solutions for remittances, payments, and other financial applications that demand both speed and reliability.”

Another positive update, especially

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Author: Benjamin Njiri

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