Cryptocurrency markets are facing new challenges amid the U.S. Federal Reserve's decisions and investor expectations. Let's discuss the key aspects of the current situation.
Fed Decisions and Market Reactions
In a recent meeting, the U.S. Federal Open Market Committee decided not to change interest rates, causing mixed reactions in the market. Chairman Jerome Powell indicated that he does not see an urgent need to lower rates, which raised concerns among traders. Many experts point out differing opinions on whether unchanged rates are slowing the economy or if strict regulations are hampering its growth. Despite current positive economic statistics, such as employment growth, the Fed remains cautious in its decisions.
New Crypto Report and Objectives in Washington
President Trump's Crypto Task Force submitted a report to the White House outlining plans to position the U.S. as a global leader in digital assets and blockchain. The document does not provide specific short-term plans but emphasizes the need for strengthening the legal framework protecting user and developer rights in the context of decentralized finance (DeFi). It also highlights the importance of stable digital assets in maintaining the U.S. dollar's international role.
Current Fluctuations and Seasonal Risks for Bitcoin
Bitcoin’s price has fluctuated between $115,000 and $120,000 for about 20 days. Attempts to decrease prices have failed, and investors are watching for increases at specific levels. Technical indicators suggest that around $113,000 may become a strong support level, but any potential price recovery may take time. Experts warn of expected selling pressure and recommend caution, as short-term fluctuations may continue.
Amid short-term uncertainties, a clearer picture for cryptocurrency markets in the long term begins to emerge, with an anticipated strengthening of the legal infrastructure. Policymakers in the U.S. are starting to pay more attention to crypto technologies, which may contribute to strengthening their positions in financial markets.
