The Federal Reserve is creating a precarious economic situation to encourage investors to get out of the market.
The Federal Reserve’s strategy to hike interest rates may continue, making it difficult for the crypto industry to bounce back. For crypto assets to become the hedge against inflation, the industry needs to explore ways to decouple crypto from traditional markets.How Federal Reserve policies are affecting crypto
Market data shows a clear pattern where the Federal Reserve’s interest rate hikes correspond to significant drops in cryptocurrency prices. For example, Bitcoin prices declined on May 6 after the Fed’s meeting on May 3 and 4 to increase interest by 0.5%. Similarly, Bitcoin fell to $17,500 after the Fed meeting on June 14 and 15, where they raised interest rates by 0.75%.
“The Fed will stress data dependence […] they will get two more NFP and CPI prints before the [December] meeting; if they stay hot, another 75 bps is in the cards, if not, a deceleration to 50 bps is possible.” The strategists added, “The Fed isn’t done hiking until the data says so.”
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gold Price Forecast: XAU/USD rebounds ahead of United States data, Federal Reserve talkGold price (XAU/USD) defends the bounce off a short-term key support confluence around $1,793 as traders await the United States (US) statistics for c
Weiterlesen »
San Jose Sharks activate one winger, place another on injured reserveNHL: San Jose Sharks place Luke Kunin on IR, as he’ll miss at least two games, both against the Calgary Flames
Weiterlesen »
Texans' Derek Stingley Jr., Dameon Pierce out for season after being added to injured reserveStingley, the team’s No. 3 overall pick, has been sidelined since Week 10, and Pierce,...
Weiterlesen »
Inside the long wait for federal cannabis legalization - Jacksonville Business JournalInvestors are ready to deploy billions in capital. Meanwhile, many cannabis businesses are fighting to survive.
Weiterlesen »
Records: Capitol rioter plotted to kill federal agentsNewly unsealed court documents show that a Tennessee man arrested for his involvement in the Jan. 6, 2021, insurrection also conspired with another person to kill dozens of federal agents involved in the investigation.
Weiterlesen »