UBS analysts recently stated that despite the hawkish tone in the recent Federal Reserve meeting minutes, they still predict a 50 basis point rate cut by the Fed this year.
MiyukiAs Tesla's stock price soars due to optimistic news from China, U.S. stock index futures rise slightly. Looking ahead, traders will shift their focus to the Federal Reserve's rate decision, the monthly employment report, and more earnings reports from the "Big Seven" tech giants. Given that the Fed has indicated that it will keep rates high for a longer period, tension is apparent in the cryptocurrency market.
AlexPowell stated that due to persistent inflation, the Federal Reserve may continue to tighten monetary policy and may do so faster than previously anticipated.
Coinlive “What has pushed Bitcoin into a ‘crypto winter’ over the past six months can largely be explained as a direct result of increasingly hawkish rhetoric from the Federal Reserve,” CoinShares wrote.
Cointelegraph“What has pushed Bitcoin into a “crypto winter” over the last six months can by and large be explained as a direct result of an increasingly hawkish rhetoric from the US Federal Reserve,” CoinShares wrote.
Cointelegraph