|
Economy
|
Federal Reserve's One Rate Cut Projection Sparks Market ...
2024-06-13 15:04:16

Federal Reserve's One Rate Cut Projection Sparks Market Optimism and Bitcoin Speculation

The Federal Reserve's decision to project just one rate cut this year has led to market optimism, with traders reacting positively to expectations of lower borrowing costs. Bitcoin's price movement is closely tied to the Fed's upcoming decisions, with experts suggesting that macroeconomic indicators will influence the cryptocurrency's value.

Despite the Fed's cautious approach towards inflation and interest rates, investors are optimistic, triggering a surge in stock and bond markets. Speculation on a potential spot Bitcoin ETF arrival is also on the rise as market dynamics shift in response to the Fed's latest announcements.

Related news on that topic:

Bitcoin's Volatility Amidst Macro Factors and ETF Developments

Bitcoin faces fluctuations as it drops 5% to $66,600, while Ethereum and other cryptocurrencies also experience losses. Bitcoin ETFs see significant outflows after consecutive days of inflows, with traders monitoring macroeconomic reports and potential market impacts of U.S. events. Predictions vary, with reports suggesting Bitcoin may reach $120,000 or even $150,000 this year, fueled by ETF approvals and increased liquidity. Despite recent dips and stagnant periods, experts remain optimistic about Bitcoin's long-term value and potential stability amidst market shifts.

Bitcoin Reclaims $69K: Potential Upside Amidst Market Dynamics

Bitcoin's recent surge to $69,000 signals potential further upside supported by positive inflation data and macroeconomic events. Despite concerns about miner selling and ETF outflows, analysts remain optimistic about Bitcoin's trajectory towards $72,000. Large holders accumulating Bitcoin to pre-2020 bull run levels hint at a potential breakout above $70,000, while analysts predict a spike to $91,539 despite the Federal Reserve's 'hawkish tone'. The recent surge in Bitcoin price following the Federal Reserve's decision to maintain interest rates unchanged is mirrored by gains in Ethereum, Solana, and Polkadot. Bitcoin miners are capitalizing on the rally as transfers to exchanges hit a two-month high, despite a decline in daily revenue due to lower transaction fees post-halving. Traders are advised to monitor key support/resistance levels for Bitcoin and other top cryptocurrencies like ETH, BNB, SOL, XRP, DOGE, TON, SHIB, ADA, and AVAX for potential breakout or breakdown signals.

Read 7 more recent news on this topic

The press radar on this topic:

The Street
13. Juni 2024 um 00:32

ECB's expected rate cut may force Fed's hand

Finance
Economy
The European Central Bank is expected to cut its base rate, which may prompt the Federal Reserve to follow suit. Central banks in Canada, Sweden, and Switzerland have already reduced rates, citing concerns over economic growth and easing inflation worries. Lower interest rates outside the US could lead to a stronger dollar, impacting exports and potentially weakening the US economy.
The Street
15. Juni 2024 um 11:46

Fed holds rates steady and pushes back on bets for a September cut

Finance
Economy
The Federal Reserve kept its benchmark lending rate unchanged and indicated a cautious approach towards confirming inflation returning to the 2% target. The Fed also revised its growth and inflation projections, lifting the end-of-year forecast for core PCE inflation to 2.8%.
CoinDesk
12. Juni 2024 um 18:14

Fed Holds Policy Steady, but Sees Just One Rate Cut This Year - When Could Traders See the Arrival of a Spot Bitcoin ETF?

Finance
Economy
The Federal Reserve held its benchmark fed funds rate steady at 5.25%-5.50% but revised its economic outlook to anticipate just one 25 basis point rate cut this year. Traders reacted positively to the unexpected slowdown in inflation last month, with crypto, stock, and bond markets surging as expectations for Fed rate cuts increased.
Hong Kong - South China Morning Post
12. Juni 2024 um 23:01

Hong Kong keeps rate steady for seventh time as traders shift focus to September for first cut

Finance
Hong Kong's base rate remains unchanged at 5.75% as traders shift focus to September in anticipation of the first cut in borrowing costs. The US Federal Reserve has signaled one rate cut this year and four reductions by 2025. Hong Kong banks may cut their prime rate by 12.5 basis points if the US cuts the rate by 25 basis points in September.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact