Bitcoin looks primed to make a move, but in what direction? While analysts are split, the Federal Reserve could be the deciding factor. (Reporting via WilliamSuberg)
The pair had come unstuck as Fed Chair Jerome Powell delivered economic policy insights during the Wall Street Journal’s Future of Everything Festival.the paper’s chief economics correspondent, Nick Timiraos, in an interview.
With traditional markets already pricing in such a scenario, volatility overall was limited as Powell avoided surprises.With risk assets set for difficult times as financial tightening continues, however, crypto market commentators had little by way of highly bullish news.in a series of Twitter posts on the potential for ongoing rate hikes into next year:
to CME Group’s FedWatch Tool, markets expect the target rate to be between 275 and 300 basis points at the FOMC’s December meeting.$33,000 “makes sense” nextFear & Greed Index hits lowest since March 2020 even as Bitcoin price hits $30.5K
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