Bitcoin price is expected to face volatility following Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Symposium, with the cryptocurrency market reacting negatively to previous symposiums and a majority of officials favoring further interest rate hikes, potentially increasing the selling pressure on BTC.
Bitcoin experienced a dip in price after the U.S. Federal Reserve Chair hinted at the possibility of an interest rate hike, but an on-chain indicator suggests that Bitcoin is undervalued and presents a good opportunity for long positions in the coming week.
The Federal Reserve's plan to raise interest rates could lead to increased sell pressure on Bitcoin, potentially pushing its price down to the $25,000 range, although the impact may be limited due to consolidation and caution among traders.
Bitcoin and other cryptocurrencies are experiencing a decline, with Bitcoin falling below $26,000, as traders remain cautious following Federal Reserve Chairman Jerome Powell's speech.
Bitcoin could experience a major market correction in September, potentially dropping by more than 16% based on historical performance and predictions by crypto analyst Benjamin Cowen.
Bitcoin's price dropped below $26,000 as the approval of a Bitcoin ETF was further delayed by the SEC, reversing the bullish gains from the Grayscale court decision earlier in the week. The crypto market also experienced a decline, with Ethereum's price going down by 3.5% and the overall market cap losing $11.2 billion. However, Maker and Toncoin managed to resist the bearish trend with positive gains. The global macroeconomic landscape also added to the uncertainty, as key economic data raised doubts about a potential interest rate hike.
Bitcoin and other cryptocurrencies experienced a decline as analysts predict further declines in the market.
Stocks on Wall Street are expected to decline as concerns about inflation raise doubts about the Federal Reserve's decision to cut interest rates, while worries about crumbling demand and falling German industrial orders add to the uncertainty.
Stock futures decline as investors express concerns about the Federal Reserve's potential to maintain a restrictive monetary policy due to rising inflation.
Investors are concerned about the downside potential of Bitcoin due to looming FTX liquidations and the Federal Reserve's monetary tightening, leading to a negative correlation between Bitcoin's price and implied volatility.
Uncertainty in various sectors, including potential strikes, government shutdowns, geopolitical tensions, and the question of future Federal Reserve interest rate hikes, is causing markets to lack conviction, but this week's inflation readings could provide direction for the markets. If inflation comes in below expectations, it may signal that the Fed will not hike rates further, while stronger-than-expected inflation could lead to more rate hikes and market volatility. Additionally, increasing energy prices and the potential strike by the United Auto Workers union add to the uncertainty.
The recent increase in interest rates has impacted the price of bitcoin, with factors like opportunity cost, risk sentiment, and inflation expectations playing a role.
Cryptocurrency prices remained stable as inflation in the U.S. surpassed economists' expectations, with Bitcoin trading at around $26,100 and Ethereum experiencing a slight dip of 0.5%. The Federal Reserve will consider this report, among other factors, for its upcoming interest rate announcement on September 20. While inflation has decreased since June, it still exceeds the Fed's target of 2% annually. Core inflation, excluding volatile food and energy costs, decreased to 4.3% in August compared to July's 4.7%.
Despite elevated inflation, the Federal Reserve is not expected to lower interest rates soon, causing the Consumer Price Index to rise significantly and impacting mortgage rates and home prices.
The positive momentum surrounding Bitcoin's price is fueled by expectations that the Federal Reserve will not hike rates again this year, while market participants remain optimistic despite the strength of the United States Dollar Index.
Bitcoin and other cryptocurrencies saw a rise in value as traders placed bullish bets ahead of the Federal Reserve's interest rate decision. However, these bets might be premature.
A 0% interest rate increase by the Federal Reserve is expected to be bullish for Bitcoin, as historically BTC's price has correlated with risk equities and central bank policy.
The Federal Reserve's uncertainty about 2024 is causing concern for the markets.
The Federal Reserve's interest-rate decision will impact stock and bond investors, with a hawkish stance being unfavorable and a dovish stance being favorable.
The Federal Reserve's poor forecasting record, evident in its inaccurate projections for interest rate increases and inflation, suggests that investors should not base their investment decisions on the Fed's predictions or any other forecasts.
The US Federal Reserve holds interest rates steady at 5.25% to 5.50%, projects higher rates for next year, and expects stronger economic growth, causing a slight drop in Bitcoin's price.
The Federal Reserve has revised its interest rate forecast, planning for fewer rate cuts next year than previously anticipated, which may not be favorable for borrowers.
Bitcoin experienced volatility as the Federal Reserve maintained interest rates, with experts predicting no more rate hikes and the potential for Bitcoin to trend upwards.
The Federal Reserve's decision not to raise interest rates has provided little relief for Americans struggling with the high costs of borrowing, particularly in the housing market where mortgage rates have reached their highest level in over two decades, leading to challenges for potential and current homeowners.
Bitcoin and other cryptocurrencies experienced a decline after the Federal Reserve decided not to raise interest rates, suggesting that significant gains may not be anticipated in the near future.
Markets on Wall Street are expected to open with losses after the Federal Reserve suggests it may not cut interest rates next year by as much as previously thought, leading to a decline in futures for the S&P 500 and Dow Jones Industrial Average; uncertainty surrounding inflationary indicators and high rates is a major concern for traders moving forward.
The reduced volatility in the US Treasury market has supported risk assets like cryptocurrencies and stocks, with the MOVE index falling to its lowest level since the Fed began raising rates, providing a positive outcome for assets such as bitcoin.
The Federal Reserve's decision to maintain interest rates and raise its long-term forecast for the Federal Funds Rate surprised many market participants, causing a slight pullback in the stock and cryptocurrency markets while highlighting the need for investors to focus on the actual health and viability of companies and the utility of the crypto ecosystem. Additionally, the article speculates on the impact of the U.S. Securities and Exchange Commission's ruling on Bitcoin spot ETF applications and the potential for cryptocurrency to become a mainstream alternative investment.
The Federal Reserve's decision to hold interest rates at their highest in over 20 years is posing a "nightmare" scenario for bitcoin and crypto companies, potentially leading to price chaos and further decline in the bitcoin price.
The Federal Reserve left interest rates unchanged while revising its forecasts for economic growth, unemployment, and inflation, indicating a "higher for longer" stance on interest rates and potentially only one more rate hike this year. The Fed aims to achieve a soft landing for the economy and believes it can withstand higher rates, but external complications such as rising oil prices and an auto strike could influence future decisions.
The Federal Reserve's interest-rate forecast is more hawkish than anticipated, with policymakers expecting to hold their key rate a half-percent higher through 2024 and cutting the federal funds rate by just one quarter-point over the next 15 months due to the economy's recent unexpected strength, despite doubts from Wall Street and rising Treasury yields.
Stock futures declined and Treasury yields moved higher as belief grows on Wall Street that the Federal Reserve likely will keep interest rates higher for longer.
Bitcoin trading volume has significantly decreased, reaching levels not seen since 2018, as traders navigate macroeconomic uncertainty and fear of a possible recession caused by US economic policy.
German and Spanish inflation data, European consumer confidence data, and Fed Chair Jerome Powell's comments are expected to have little impact on the gloomy state of European and global markets, which have been plagued by rising oil prices, bond sell-offs, a strong dollar, and a nine-session drop in global stocks.
Author Robert Kiyosaki believes that Bitcoin and other assets will become "priceless" as the Federal Reserve introduces a central bank digital currency (CBDC), leading to a loss of privacy and increased government control.
Bitcoin could potentially face a 60% price drop, as liquidity remains negative and global rates continue to rise, according to Bloomberg Intelligence senior macro strategist Mike McGlone. He also suggests that a stock market drawdown related to a recession poses the biggest risk for the overall cryptocurrency sector.
The recent stock market declines may indicate that the Federal Reserve's actions could result in future pain for the economy.
The price of Bitcoin showed short-term strength but lacked significant support from trading volumes, derivatives, and confidence in the approval of a spot Bitcoin ETF, as concerns about an economic downturn and macroeconomic forces exerted downward pressure on its price.
Bitcoin could face difficulties in the long term due to tightening liquidity in the current macroeconomic environment, according to crypto analyst Nicholas Merten. Merten believes that Bitcoin's price is heavily influenced by monetary policy and warns that if sentiment turns bearish, investors may start cashing out.
A spike in interest rates has negatively impacted stocks and bonds, but Bitcoin may continue to rise regardless of the rate changes.
Bitcoin could potentially drop by more than 46% if there is a recession caused by the Federal Reserve's actions, according to crypto analyst Nicholas Merten.
The Federal Reserve officials are uncertain about the U.S. economy's outlook and plan to proceed cautiously in deciding whether to raise interest rates, with some acknowledging the risks of raising rates too high or not enough to curb inflation.
Bitcoin and the broader crypto market are down following the U.S. Consumer Price Index (CPI) report, which showed slowing inflation, with experts noting that investors are increasingly viewing Bitcoin as a safe-haven asset and CPI figures are becoming less relevant for the crypto market.
