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In a recent YouTube video, the popular cryptocurrency expert Michael van de Poppe discussed the current market perception, events and opportunities. Although the market has been bearish in this period, this is seen as the best time for planning. Some of the altcoins are already exhibiting life and such is a good sign for potential […]
Gavin Wood introduced a major infrastructure development for Web3 citizenship, while Hashkeys CEO forecasted a resurgence in the DeFi market driven by lower interest rates.
Bitcoins correction appears to be losing steam, as indicated by price momentum divergence, the formation of a Doji candlestick and other bullish patterns.
Bullish divergence on the price chart, September rate cut prospects, and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle.
For the crypto and broader financial market, FOMC day is upon us once again today. And analysts agree that today’s meeting will be one of the most important in recent years. Kurt S. Altrichter, a financial advisor and founder of Ivory Hill, even describes today’s FOMC meeting as the most important of your life. In a new post on X, Altrichter explains why. FOMC Preview Central to today’s FOMC meeting is the Federal Reserve’s potential indication of a September rate cut. According to Altrichter, the financial markets are almost unanimously anticipating this move, with Fed fund futures indicating a near-certain likelihood of such an outcome. “Market expectation is a strong signal for a September rate cut,” Altrichter points out, marking todays update as a pivotal moment for financial markets. The key question for today is: How strongly does the Fed signal a September rate cut? the expert explains. Investors are directed to pay close attention to the FOMCs statement at 2:00 pm ET, especially the third paragraph, which could subtly signal the Fed’s confidence in reaching its inflation targets. Related Reading: XRP Price Poised For Ultimate Breakout With $18 Price Target: Crypto Analyst Altrichter advises, “Look at the 3rd paragraph for this key sentence: The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent.” Any modification in this wording would be a clear signal that the Fed is nearing its inflation control goals, potentially paving the way for rate adjustments. Altrichter outlines several potential outcomes from the meeting, each associated with specific market reactions. In a dovish scenario, the Fed signals a rate cut for September. Then, Altrichter expects a broad market rally, especially in sectors less sensitive to interest rates. “Yields and the dollar should fall modestly with a modest rally in commodities,” Altrichter predicts, suggesting significant movements in standard and sector-specific indexes. In a hawkish scenario, there will be no change in the forward guidance by the US central bank. If the Fed maintains its current stance without hinting at future cuts, the markets might experience a downturn. “Look out below and expect a sharp decline. SPX should fall by 1-2%,” he warns, noting that tech and growth sectors might relatively outperform due to their appeal during higher yield periods. How Will Bitcoin And Crypto React? The potential adjustments in US monetary policy bear direct consequences for the Bitcoin and crypto markets. Crypto, often viewed as alternative investments, reacts sensitively to shifts in monetary policy, particularly regarding interest rates. Related Reading: Bitcoin Bull Cycle Likely To Go On Till Mid-2025: CryptoQuant CEO If the dovish scenario materializes, this could make Bitcoin and cryptocurrencies more appealing. A signal of lower future rates could drive increased investment into the crypto market, potentially leading to price increases as investors seek higher returns in alternative assets. Conversely, should the Fed signal reluctance to cut rates, indicating a stronger economic outlook or concerns about inflation, this could strengthen the US dollar and increase yields on traditional financial instruments. Such an environment might lead to a pullback in the crypto markets, as the comparative advantage of Bitcoin and cryptocurrencies diminishes against strengthening traditional yields. Max Schwartzman, CEO of Because Bitcoin Inc, commented via X: FOMC is [today] & its incredibly important as we get into the end of this fed cycle… Here is how the last 11 meetings have gone for Bitcoin Thus, today’s FOMC meeting is a watershed moment for financial markets globally, with significant implications for both traditional and crypto markets. As Altrichter succinctly puts it, “A Sept Fed rate cut has driven the 2024 bull market. Tomorrow’s meeting will either reinforce that tailwind or refute it. If the Fed signals a cut, the rally continues. No signal: markets could get ugly.” At press time, BTC traded at $66,462. Featured image from Shutterstock, chart from TradingView.com
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned that more banks in the U.S. will fail as the Federal Reserve continues to hike interest rates. He stressed: “It will break down in the regional banks, which support 60% of the economy … We’ve started to see the cracks.” Kevin O’Leary Foresees More Bank [...]
The post Shark Tank Star Kevin O’Leary Warns More US Banks Will Fail appeared first on Crypto Breaking News.
The world’s largest asset manager, Blackrock, does not see the Federal Reserve cutting interest rates this year. “That’s the old playbook when central banks would rush to rescue the economy as recession hit. Now they’re causing the recession to fight sticky inflation – and that makes rate cuts unlikely, in our view,” said the firm’s [...]
The post World’s Largest Asset Manager Blackrock Predicts No Fed Rate Cuts This Year appeared first on Crypto Breaking News.
As the eagerly anticipated Federal Open Market Committee (FOMC) meeting approaches, the financial world is abuzz with speculation about the potential implications for Bitcoin and crypto. Tomorrow, on Wednesday, July 26th, at 2 pm EST, the FOMC will announce its interest rate decision. As usual, Federal Reserve (Fed) chair Jerome Powell will face the media at 2:30 pm EST. According to the CME FedWatch tool, the majority of the market is expecting a 25 basis point increase (99.8%). However, the real intrigue lies in what comes after this move and whether it marks the end of the rate hike cycle. After tomorrow’s decision, the market expects the Fed to keep the key interest rate high for a longer period of time. A first rate cut could come in March 2024 at the earliest, if not in May. Tomorrow is #FOMC day, expect volatility. #Bitcoin #Crypto 98.9% probability of a 25 bps hike by the Fed. Market expects the Fed to keep the key interest rate high for a longer period of time. A first rate cut could come in March ’24 at the earliest, if not in May. pic.twitter.com/C8wscv6BMd — Jake Simmons (@realJakeSimmons) July 25, 2023 Implications For Bitcoin And Crypto For the past 16 months, the U.S. Federal Reserve has been grappling with inflation while hiking interest rates to levels not seen in 20 years. But all signs point to a possible end of the tightening cycle. The market is firmly expecting the 0.25 bps hike to a range of 5.25 to 5.5% will be the last. Meanwhile, Bitcoin and crypto have experienced a period of relative immunity to macroeconomic events and rate hike speculations in the first seven months of the year. However, investors must be aware that such conditions might not last indefinitely. Related Reading: Bitcoin Witnesses Historic Whale Exodus: What You Need To Know On Monday, the Bitcoin price retraced to $29,000 support level. Seemingly, market participants have been cautious in the lead-up to the FOMC’s July meeting, aware that the FOMC meeting can have a profound impact. In June, Fed Chairman Jerome Powell hinted at the possibility of further rate hikes this year, with some committee members advocating for two more increases. The market now anxiously awaits the outcome of this meeting to ascertain the central bank’s future policy stance. However, factors such as declining inflation in the United States and a weaker labor market strengthen the market expectations. The previously skyrocketing inflation, which led to the tightening cycle, has shown signs of abating. June’s Consumer Price Index (YoY) data revealed a decline in inflation to 3.0% from 4.0%. The core rate fell from 5.3% in May to 4.8% in June. Both declines were stronger than previously anticipated. Remarkably, the core rate is now trading below the level of the US federal funds rate, which was pretty rare in the last 20 years. Related Reading: Over $41 Million in Bitcoin Long Positions Liquidated as BTC Crashes Toward $29K The prolonged strength of the US labour market has long been the biggest headache for the Federal Reserve because of the imbalance between supply and demand. At the peak of this imbalance, there were two job openings for every available worker, which drove up wages accordingly. As demand and supply approach equilibrium, job creation numbers have declined. Also, there are even early indications of declining consumer spending. So, what does all of this mean for Bitcoin and crypto investors? As always, it’s essential to approach the market with a balanced perspective. While BTC and cryptocurrencies have shown resilience in the face of traditional economic events, they are not entirely insulated from larger macroeconomic trends. Investors should closely monitor the FOMC’s interest rate decision and Jerome Powell’s subsequent statements. Any signals about the future rate hike cycle could have repercussions for both the traditional as well as Bitcoin and crypto markets, triggering a further sell-off. At press time, the market continued to show indecision. BTC was trading at $29,200. Featured image from iStock, chart from TradingView.com
Billionaire Jeffrey Gundlach, aka the “Bond King,” has predicted that the Federal Reserve will be cutting interest rates substantially soon. “Red alert recession signals,” he added, noting that all U.S. Treasury yields two years and out are “well below the fed funds rate.” Doubleline CEO on Fed Rate Cuts and Recession Jeffrey Gundlach, chief executive [...]
The post Billionaire ‘Bond King’ Jeffrey Gundlach Predicts the Fed Will Cut Rates Substantially Soon appeared first on Crypto Breaking News.
Dogecoin (DOGE) price has experienced a slight upward movement, bringing hope to its supporters amidst a tumultuous period for the cryptocurrency market. Earlier today, the meme-inspired digital currency has risen by 6%. This latest surge in Dogecoin price albeit small may be partially attributed to the continued support of billionaire tech entrepreneur Elon Musk, who [...]
The post Dogecoin (DOGE) Makes Slight 6% Climb This Week – Here’s Why appeared first on Crypto Breaking News.
JPMorgan Chase, the largest bank in the United States, held its investor day event on Monday, where CEO Jamie Dimon answered questions from analysts and journalists. Despite market expectations of a rate hike pause, Dimon cautioned that people “should be prepared for rates going higher from here.” The billionaire banker also discussed the potential for [...]
The post JPMorgan Boss Warns ‘Everyone Should Be Prepared’ for Interest Rates ‘Going Higher From Here’ appeared first on Crypto Breaking News.
All is not going to plan for bulls, warnings say, as $44,000 support hangs in the balance.
The Ukraine war is high on the Fed's list of concerns, according to a statement released with the 0.25% rate hike. Bitcoin (BTC) held $40,000 on March 17 after an anticipated key interest rate hike from the Federal Reserve delivered a strong response.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewFed singles out Ukraine war in inflation… More
The post Bitcoin maintains $40K support as Fed confirms rate hike in 4 years appeared first on BTC Ethereum Crypto Currency Blog.
Cryptocurrency exchange Coinbase says many technical factors pressuring bitcoin, and crypto more broadly, are starting to be exhausted. “We expect macro factors to become more relevant for the digital asset class in the weeks ahead, which could be supportive for performance,” Coinbase’s analysts detailed. Coinbase’s Crypto Outlook Cryptocurrency exchange Coinbase (Nasdaq: COIN) published its [...]
The post Coinbase Sees Positive Setup for Bitcoin as Exhaustion Hits Factors Pressuring BTC appeared first on Crypto Breaking News.
Billionaire Jeffrey Gundlach, aka the “Bond King,” expects the Federal Reserve to raise interest rates at its March meeting next week, which “would be the last increase,” he said. In addition, Gundlach cautioned: “The inflationary policy is back in play with the Federal Reserve.” Doubleline CEO Jeffrey Gundlach on Fed Rate Hikes Jeffrey Gundlach, chief [...]
The post Billionaire ‘Bond King’ Jeffrey Gundlach Expects Fed to Raise Rates Next Week — ‘That Would Be the Last Increase’ appeared first on Crypto Breaking News.
Economist Peter Schiff says investors are in for “two huge surprises.” Noting that the Federal Reserve has already lost its fight against inflation, he explained that by the time the U.S. economy officially enters a recession, inflation will be too high for the Fed to “stimulate” with interest rate cuts. Peter Schiff Sounds Alarm on [...]
The post Peter Schiff Warns Investors of 2 ‘Huge Surprises’ — Foresees Inflation Too High for Fed Rate Cuts to Stimulate Economy appeared first on Crypto Breaking News.
Bitcoin price hit a new all-time high above $76,850, and multiple data points suggest that the rally has room to run higher.
In its minutes document released on July 5, the Federal Reserve Open Market Committee (FOMC) reaffirmed its commitment to keeping the federal funds rate between [...]
Bitcoin has surged above the $29,000 mark following the Fed rate hike of 25 bps, a sign that the asset may be decoupling from the stocks. Bitcoin Has Jumped Despite Fed Interest Rate Hike Announcement According to the on-chain analytics firm Santiment, the cryptocurrency market has shown some promising rise potential since the rate hike announcement has gone live. In the past year, the US Federal Reserve System (“Fed”) interest rate hikes have generally been met with panic in the market, as coins like Bitcoin and Ethereum have suffered significant hits to their prices following them. This has been because the sector has experienced a high correlation with the US stocks during this period, meaning that the prices of the assets in the two sectors have been moving in a similar fashion. Recently, however, things have been changing for the better, as the cryptocurrency and stock markets have become increasingly separated. The initial reaction in the prices of assets like Bitcoin and Ethereum to the latest announcement has also been a positive indication of this. Here is the comparison between BTC, ETH, and S&P 500 that Santiment posted one hour after the FOMC meeting: Looks like BTC didn't move much following the event | Source: Santiment on Twitter As displayed in the above graph, S&P 500 fell shortly after the rate hike, while BTC and ETH remained steady, showing the disconnection between the two sectors. Both Bitcoin and Ethereum have risen in the hours since then, breaking the $29,000 and $1,900 levels, respectively. This could be a sign that investors are at ease now that the meeting is behind them. Related Reading: Bitcoin Rally May Not Have Hit Top Yet, Here’s Why “At least for now, it seems that the initial reaction to this interest rate hike was: “At least it’s over with now. Crypto no longer needs to worry about fiscal policy until June,” notes Santiment. On-chain data also shows that the trading volumes of the top cryptocurrencies by market cap have trended up since the meeting, an indication that activity has been increasing in the sector. BTC's price has trended up since the announcement | Source: Santiment Another indicator, the “active addresses,” which measures the daily total number of unique addresses that are taking part in some transaction activity on the Bitcoin blockchain, has also observed a surge following this Federal Open Market Committee (FOMC) meeting day, as the below chart highlights. The indicator's value has been going up during the past day | Source: Santiment This metric provides an estimation of the total number of unique users that are using the network right now, so its value going up suggests a high amount of traffic has visited the chain during the past day. The latest spike in the Bitcoin active addresses is the highest seen in the last two weeks, with the one from two weeks ago being mostly due to a sharp plunge in the price. Related Reading: $24,400 May Be Next Major Level Of Support For Bitcoin, Here’s Why “This rally seemed to be much more related to the rate hike finally being official, and you can see how active addresses pushed even higher directly after the announcement,” explains the on-chain analytics firm. BTC Price At the time of writing, Bitcoin is trading around $29,200, up 1% in the last week. BTC has surged in the past day | Source: BTCUSD on TradingView Featured image from André François McKenzie on Unsplash.com, charts from TradingView.com, Santiment.net
Bitcoin's future remains uncertain as investors brace for potentially volatile market movements ahead of the Federal Reserve's announcement.
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