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apply from now Forbes Crypto Asset & Blockchain Advisor Navigate the Bitcoin and crypto market crashes well
Bitcoin prices bottomed out in July and rose about 10% from the beginning of the month after a plunge in the first six months of the year as the Federal Reserve began raising interest rates.Meanwhile, Ethereum is backing the other top 10 cryptocurrencies, BNB, with a nearly 50% surge in hype for planned upgrade builds.
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Now, after Leak reveals a “major danger signal” based on Bitcoin and crypto exchange coinbase, the market is “bigger” to combat bright red inflation as the federal government accelerates its $ 8.9 trillion cut. A balance sheet ready to go “longer”.
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Federal Reserve Chairman Jerome Powell said runaway inflation … [+]
The Federal Open Market Committee (FOMC) of the Federal Reserve Board meets this Tuesday and Wednesday and is expected to raise rates by another 75 basis points following the June rate hike.
Earlier this month, in the aftermath of the fierce reading of the 9.1 percent consumer price index (CPI) in June, traders expected the federal government to raise overall by 1 percentage point.
Lasmold, investment director of broker AJ Bell, commented in an email.
According to CME Fedwatch data, the market is now priced at a full one-point increase with a 70% chance of rising 0.75% to 2.50% and a 30% chance. By the end of 2022, the market has a 90% chance that the Fed’s interest rates will reach at least 3.50%, as the US central bank fights to reduce inflation from its 40-year high of 9.1%.
“But this all depends on and even assumes that inflation will peak soon,” said Greg McBride, chief financial analyst at Bankrate. Market watch.. “Otherwise, all bets are invalid.”
According to Mold, this month’s Producer Price Index (PPI) was 11.3%, close to the record posted in March at 11.6%.
The Federal Reserve will also accelerate the so-called quantitative tightening program, which will reduce the Fed’s total wealth from a peak of $ 9 trillion to $ 66 billion and increase it to $ 95 billion per month from September.
“The federal government’s total wealth of $ 8.9 trillion means that the central bank’s balance sheet is 8% larger than it was a year ago, 114% larger than it was before the February 2020 pandemic, and almost nine times larger than it was before the big powers. Means the financial crisis of 2007-2009. “
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Bitcoin prices soared to over $ 20,000 per Bitcoin this month after crashing below … [+]
Some market watchers and investors are afraid that US inflation is “deeper rooted” and will require a “bigger, longer” response from the Fed to push it down. ..
“In my opinion, the federal funds rate can exceed 4%,” said Joseph Ziddle, chief investment strategist at Blackstone’s Private Wealth Solutions Group. Bloomberg.. “I think it could exceed 4.5%. It could probably approach 5%.”
But after months of falling stock market, Bitcoin and cryptocurrency prices, some analysts hope that this week’s Fed’s soft words will bring a welcome bailout.
Wilmington Trust Chief Economist Luke Tilly said, “They raised 75 basis points as expected, but if we soften the words about future increases, next week’s market will be greatly boosted. “. Barron’s..
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