Economic decisions continue to significantly influence the cryptocurrency market, causing volatility and uncertainty.
Fed’s Interest Rate Decision and Expectations
The Federal Open Market Committee is likely to keep interest rates steady, and investors are focusing on Powell’s comments and economic expectations data. Inflation stability is key for the Fed's future actions.
Potential Scenarios Ahead
Ali Charts suggested that if inflation worries prevail and Powell implies that rates will be kept high longer, cryptocurrencies could experience accelerated declines. Conversely, if Powell indicates easing later this year, markets may respond positively, triggering rallies in Bitcoin and stocks.
Critical Thresholds for the Crypto Market
A genuine upward break will emerge with closures above $86,000. A drop below $80,000, especially losing $77,500, could lead to devastating results and rapid panic selling.
Economic decisions remain crucial for the future of cryptocurrencies. Changes in Fed policies can significantly impact liquidity and market dynamics.
