Bitcoin wobbles around $39K as Fed confirms up to 1% key rate target next
So far, so good for markets pricing in a 50-basis-point hike from the Fed, with Chair Jerome Powell still to speak. Go to Source Powered by WPeMatico
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Bitcoin, Ethereum Technical Analysis: BTC Below $40,000 Prior to Wednesday’s Fed Meeting
BTC continued to trade below $40,000 prior to Wednesday’s FOMC meeting, as crypto markets anticipated a potential rate hike. ETH was also trading close to its long-term support level, with many hoping for an end to current bearish sentiment, after tomorrow’s announcement. Bitcoin BTC was trading below $40,000 on Tuesday, as the world’s largest cryptocurrency … Read more
Afraid to buy the dip? Bitcoin options provide a safer way to ‘go long’ from $38K
BTC price continues to trade in a wide range, providing an opportunity for options traders to use the Iron Condor strategy. Go to Source Powered by WPeMatico
With an ‘Aggressive’ Fed Rate Hike Expected Next Week, Stocks and Crypto Markets Lose Billions
Investors will be focused on the U.S. central bank this Wednesday as Federal Reserve policymakers are expected to raise the benchmark interest rate aggressively. The top U.S. stock indexes saw significant losses at the end of the week, and the Nasdaq composite saw its worst four-month starting performance since 1971. Crypto markets have had a … Read more
Bitcoin, Ethereum Technical Analysis: BTC, ETH Remain in the Red, to Start the Weekend
Bitcoin and ethereum were both trading lower to start the weekend, as crypto markets continued to face bearish pressures. The current uncertainty surrounding next week’s Federal Reserve meeting has seen prices consolidate for most of the week, with Saturday being no different. Bitcoin Bitcoin (BTC) was once again in the red during today’s session, as … Read more
Fed’s Bullard Wants to Raise Bank Rate to 3.5% by Year’s End, Hints at 75 Basis Point Rate Hike
The 12th president of the Federal Reserve Bank of St. Louis, James Bullard, thinks the U.S. central bank can increase the benchmark bank interest rate by 75 basis points this year. Bullard believes the Fed could raise rates to 3.5% by the fourth quarter of 2022 to combat the red hot inflation plaguing the U.S … Read more
ETH derivatives show pro traders are worried about Ethereum’s $2.5K support
Ether’s price has been sideways for 27 days, but pro traders are not confident about the $2,500 support, according to derivatives. Go to Source Powered by WPeMatico
Fed Hikes Benchmark Bank Rate for the First Time Since 2018, FOMC Expects 6 More Increases
On Wednesday, the Federal Open Market Committee (FOMC) and Fed chair Jerome Powell held a press conference concerning the American economy, the central bank’s plans to address inflation, and the ongoing Russia-Ukraine war. Powell announced that the FOMC decided to increase the benchmark bank rate by a quarter percentage and further noted the Fed anticipates … Read more
Bitcoin bulls to defend $40K leading into Friday’s $760M options expiry
BTC price struggles to sustain $40,000, but Friday’s options expiry might give bulls the $160 million profit needed to keep the positive momentum. Go to Source Powered by WPeMatico
Bitcoin, Ethereum Technical Analysis: BTC Fails to Breakout of $40,000 Resistance Level
On the eve of tomorrow’s FOMC meeting, bitcoin once again failed to climb past its long-term resistance level of $40,000, as markets consolidated. Although prices moved away from recent support, upside momentum slowed as BTC neared its ceiling. As of writing, ETH was trading at its level of support. Bitcoin Bitcoin came close to breaking … Read more
