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Bitcoin Slides 2.58% Below $77,000 as Fed Rate Bets and ETF Outflows Pressure Global Crypto Markets Once Again

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The bitcoin law passed with the support of Bukele's allies despite minority opposition parties -- which criticised the speed of the vote -- refusing to back it

NEW YORK — Bitcoin fell 2.58% to $76,150.36 by midday Tuesday, shedding $2,019.69, as expectations for a Federal Reserve interest rate increase this week combined with persistent outflows from U.S. spot Bitcoin exchange-traded funds to extend a multi-day slide for the world’s largest cryptocurrency.

The decline came as the Federal Open Market Committee began its two-day policy meeting Tuesday, with a rate decision due Wednesday. Nearly all traders now expect the Fed to raise its benchmark policy rate by 25 basis points, according to market pricing, a shift that has weighed on both equities and cryptocurrencies in recent sessions as higher interest rates typically reduce the appeal of non-yielding assets like Bitcoin relative to interest-bearing alternatives.

That rate-hike expectation firmed considerably following a hotter-than-expected August consumer price index report released last week. The inflation data pushed prediction market odds on Polymarket of a September 16 Fed rate hike as high as 83%, up sharply from levels seen just days earlier, adding fresh momentum to the pressure already building on Bitcoin’s price.

Compounding the selling pressure, U.S. spot Bitcoin ETFs recorded four consecutive days of net outflows heading into the weekend, according to data tracking fund flows, as institutional and retail investors alike pulled money from the funds amid the shifting rate outlook. At the same time, long-term Bitcoin holders sold roughly 539,000 BTC into the $77,000 to $80,000 price zone, creating what market analysts have described as a persistent supply wall that has made it difficult for the cryptocurrency to sustain rallies above that range in recent weeks.

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Technical analysts have flagged $76,500 as a key level to watch in the current environment. A sustained close below that threshold could open the door to a further decline toward the $72,000 to $74,000 range, according to chart-based analysis of the cryptocurrency’s recent price action, while a more dovish-than-expected outcome from Wednesday’s Fed decision could reverse the recent trend of ETF outflows and ease some of the pressure on the broader crypto market.

Bitcoin’s slide over the past two weeks has been steady rather than abrupt. The cryptocurrency touched an intraday peak near $82,000 on September 4 before beginning a gradual retreat, falling to roughly $79,155 by September 9 and continuing lower still following the hot inflation data released September 11. Bitcoin’s current price also sits well below its 52-week high of $126,198, reached on October 6, 2025, even as it remains meaningfully above its 52-week low of $57,748, touched on June 30 of this year. Year-to-date, Bitcoin remains down roughly 13% even before accounting for Tuesday’s decline.

The pressure on Bitcoin this week has not existed in isolation. Broader financial markets have faced their own bout of volatility tied to a weekend essay from a prominent artificial intelligence executive calling for a slower pace of AI model development, a debate that has rattled technology stocks globally over the past two trading sessions. Rising oil prices tied to escalating tensions in the Middle East have added a further layer of macroeconomic uncertainty, with both stocks and cryptocurrencies broadly trading in a more risk-averse pattern as a result.

Beyond the Federal Reserve, cryptocurrency markets are also monitoring central bank decisions elsewhere in the world this week. The Bank of Japan is widely expected to raise its own benchmark rate to 1.25% at its policy meeting later this week, which would mark the central bank’s highest rate level since 1995. Analysts tracking Bitcoin’s price action have noted that the cryptocurrency has so far shown limited direct reaction to that specific development, with the more immediate Federal Reserve decision remaining the dominant near-term catalyst for price movement.

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Bitcoin’s underlying scarcity dynamics remain unchanged amid the current volatility, with the cryptocurrency’s supply capped at 21 million coins under its original protocol design. As of the most recent tracking, approximately 20.08 million bitcoins have been mined and are in circulation, leaving fewer than 1 million coins left to be created through the network’s ongoing mining process, a dynamic that has historically been cited by long-term holders as a structural argument for the asset’s value even amid periods of sharp short-term price volatility like the one currently unfolding.

Prediction markets have offered their own real-time gauge of where traders expect Bitcoin’s price to land in the near term. On Polymarket, the leading outcome for where Bitcoin’s price would land on September 15 was a range of $76,000 to $78,000, assigned roughly a 70% probability by traders, with the next most likely outcome, a range of $78,000 to $80,000, assigned about a 19% probability, reflecting a market broadly positioned for continued consolidation near current levels rather than a sharp reversal in either direction.

With the Federal Reserve’s rate decision now just a day away and the Bank of Japan’s own policy announcement following closely behind, investors in Bitcoin and the broader cryptocurrency market are likely to remain focused on how central bank policy, ETF flow trends, and the broader risk-off sentiment currently affecting global equity markets interact in the sessions ahead, with Tuesday’s decline serving as the latest data point in what has become an increasingly cautious stretch for digital asset markets heading into the back half of September.

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Building a Career on Service and Integrity

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Building a Career on Service and Integrity

From emergency scenes to hospital hallways, classrooms, and military service, Schmidt has spent decades preparing for situations where every decision matters.

Based in Tyler, Texas, Schmidt has built a career across emergency medicine, nursing, fire service, law enforcement, and emergency management. Along the way, he has earned a long list of professional licenses and certifications. Yet he believes his greatest achievement is much simpler.

“The legacy you leave your kids and family is what matters most,” Schmidt says. “Everything else comes after that.”

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That mindset has guided his work from the beginning.

How Edward Schmidt Built a Career in Emergency Medicine

Schmidt’s career has never followed a straight line. Instead, each role added another layer of knowledge.

He became a licensed paramedic, later earned his Registered Nurse credentials, and expanded into EMS instruction. He also served as a Texas firefighter and Texas peace officer before continuing his work in healthcare and emergency response.

His education never stopped. Schmidt completed advanced certifications in trauma care, pediatric life support, tactical medicine, hazardous materials, critical incident stress management, emergency management, and numerous FEMA training programs. He also completed military training with the Texas State Guard, graduating with honors in multiple leadership courses.

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For Schmidt, learning has always been part of the job.

“Keep learning new things,” he says. “If you stop learning, you stop growing.”

That attitude has helped him stay current in fields where standards, technology, and best practices constantly evolve.

Why Continuous Learning Matters in Healthcare Leadership

Healthcare and emergency response leave little room for complacency. Procedures change. Equipment improves. New challenges appear.

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Schmidt believes professionals have a responsibility to keep improving, not only for themselves but for the people who depend on them.

His credentials reflect that commitment. He has served as an instructor for Advanced Cardiac Life Support (ACLS), Basic Life Support (BLS), Pediatric Advanced Life Support (PALS), and Trauma Nursing Core Course (TNCC). Teaching has become just as important as practicing.

“When you can teach others along the way and they succeed, that’s one of the best parts of the job,” Schmidt says.

Watching students become confident professionals gives him a different kind of satisfaction than earning another certification.

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What Leadership Means to Edward Schmidt

Many people define leadership by titles. Schmidt defines it by consistency.

Throughout his career, he has worked in high-pressure environments where preparation, communication, and accountability directly affect outcomes.

His approach begins with integrity.

“Integrity is doing the right thing even when nobody is watching,” he says.

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That philosophy extends beyond emergency response. Whether working with patients, training future providers, or serving alongside fellow professionals, Schmidt believes trust is earned through actions repeated over time.

He also values organization and discipline.

“Time management is one of the biggest skills anyone can develop,” he says. “If you manage your time well, you can accomplish much more than you think.”

Overcoming Challenges Through Persistence

Like many successful professionals, Schmidt’s career has included obstacles.

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One challenge he openly discusses is dyslexia. Rather than allowing it to define him, he learned how to adapt and keep moving forward.

He also believes that failure can become one of the best teachers.

“If you fail at a task, stick with it until you accomplish it,” Schmidt says.

That perspective reflects years spent working in demanding professions where persistence often makes the difference between success and failure.

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He credits much of his character to his grandfather, William Earl Hudson, who raised him and taught him values that continue to guide his decisions today.

Those lessons shaped his belief that character is built over time through consistent effort.

Military Service Reinforced a Lifetime of Discipline

Schmidt’s commitment to service continued through the Texas State Guard.

His military record includes honors in Basic Operation Training, Officer Candidate School, Officer Basic Course, Direct Commission Officer Course, and Military Emergency Management. He also received multiple Texas Medal of Merit awards, the Texas Meritorious Service Medal, and the Texas State Guard Service Medal.

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Rather than viewing those recognitions as personal accomplishments, Schmidt sees them as reminders of responsibility.

Leadership, he believes, is about remaining dependable when others are counting on you.

Edward Schmidt’s Lasting Impact on Healthcare and Emergency Response

Today, Schmidt continues to represent a career built on preparation, education, and service.

His work spans emergency medicine, nursing, instruction, emergency management, and military service, giving him a broad perspective on how different parts of public safety work together.

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Outside of work, he enjoys golfing and spending time with his children and friends. Those moments provide balance after years spent in demanding professions.

Looking back, Schmidt measures success differently than many people might expect.

Awards and certifications are meaningful, but they are not the destination.

Instead, he returns to the same principle that has guided him throughout his career.

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“Leave a legacy your family can be proud of,” he says.

For Edward Schmidt, leadership has never been about recognition. It has been about serving others, continuing to learn, and helping the next generation succeed. Those values continue to define both his career and the example he hopes to leave behind.

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Cochin Shipyard shares tumble 12% over 2 sessions. Should you buy after multibagger corrects 26% in a year?

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Cochin Shipyard shares tumble 12% over 2 sessions. Should you buy after multibagger corrects 26% in a year?
Shares of Cochin Shipyard dropped another 3% on Tuesday, extending sharp losses for the second consecutive session after management commentary during a recent analyst call spooked investors.

Cochin Shipyard shares fell to Rs 1,336 apiece on Tuesday morning. The stock crashed over 9% on Friday, recording its worst single-day plunge in more than two years. Overall, the stock has fallen more than 12% in just two straight sessions.

The sharp drop in the defence major’s share price was triggered after the company’s management, during an analyst conference call on Thursday, indicated that it is aiming for an EBITDA margin of 14% over the next two financial years, Business Standard reported. This is sharply lower than the 24% EBITDA margin reported for FY26.

Also read |Dividends and stock splits: Hindustan Copper, Cochin Shipyard among 200+ stocks with record dates this week. Check full list

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ICICI Direct highlighted that Cochin Shipyard’s management expects FY27 revenue growth to stand at around 12-15%, supported by improving execution across shipbuilding and ship repair, with the company targeting 10 vessel deliveries during the year. The current order book stands at around Rs 22,000 crore, providing strong medium-term revenue visibility, and the order pipeline remains strong across both defence and commercial shipbuilding, the brokerage said.


It noted that the management expects FY27 operating cash flow to turn positive, supported by higher vessel deliveries and milestone-based collections as execution accelerates, and remains confident of sustaining growth over the medium term, supported by a combination of strong order visibility, improving execution, new shipbuilding capacity and the scaling up of the ship-repair business.
The domestic brokerage has a ‘Hold’ call on the shares of Cochin Shipyard with a target price of Rs 1,590 apiece, implying more than 15% upside potential from the stock’s previous closing price of Rs 1,381 apiece.

Cochin Shipyard and Drydocks World form joint venture

Drydocks World, a DP World company, and Cochin Shipyard last week announced the signing of a joint venture agreement to operate and expand the International Ship Repair Facility (ISRF) Cochin. The deal builds on the Memorandum of Understanding (MoU) signed by Drydocks World (DDW) and the Indian defence major during India Maritime Week 2025, under which the two organisations agreed to explore opportunities for collaboration in ship repair and allied maritime services

Under the arrangement, the joint venture will operate, consolidate and expand the International Ship Repair Facility (ISRF) in Cochin, creating additional capacity to service a wider range of vessels and meet the growing requirements of Indian, regional and international customers.

The partnership is expected to strengthen Cochin’s position as a maritime services hub, while creating opportunities across ship repair, engineering, fabrication and associated maritime services in Kerala.

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Also read |Cochin Shipyard Ltd and Drydocks World form joint venture to strengthen India’s ship repair industry

Cochin Shipyard share price

Cochin Shipyard shares have fallen around 12% in a week and 10% in a month, overall being down 17% in 2026 so far. The stock has overall fallen more than 25% in one year.

In the longer term, Cochin Shipyard shares have delivered multibagger returns of around 144% in three years and 628% in five years. The company has a market capitalisation of around Rs 35,453 crore.

Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.

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Tempus AI, Inc. (TEM) Presents at Morgan Stanley 24th Annual Global Healthcare Conference Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript