#crypto #fomc #macroeconomic
🚀 Bitcoin tests $64,000 as market awaits Fed and White House decision
The crypto market started the week in a narrow range, trying to break out of consolidation. Even the weakening US dollar and the decline in expectations for a Fed rate hike have not yet provided enough momentum for a full-fledged rally.
📊 Market highlights:
➡️ Bitcoin ($BTC ): During the Asian session, it touched the $64,000 mark (+0.5% per day), but is holding at around $63,300 (down ~3% per week).
➡️ Top altcoin of the week — Hyperliquid ($HYPE ): The token became the absolute growth leader, adding more than 3% per day and almost 9% per week (the price reached $59).
➡️ Top asset dynamics: Ethereum ($ETH ) rose to $1,900 (+1% per day), Solana (SOL) is trading around $75, and XRP — around $1. Most altcoins are still slightly down over the 7-day period.
➡️ Macroeconomic Background: The US dollar continues to decline for the third consecutive day after weak US retail sales data. The probability of a Fed rate hike next month has dropped from 50% to 25%.
🔍 What to expect next?
Analysts note that the slowdown in the inflow of funds into spot ETFs is dampening investor optimism. The main triggers for market movement this week will be:
1. FOMC minutes - publication on Wednesday.
2. Expected meeting at the White House on crypto market regulation.
The market froze in anticipation of regulatory and macroeconomic signals. Let's watch! 📊
🚀 Bitcoin tests $64,000 as market awaits Fed and White House decision
The crypto market started the week in a narrow range, trying to break out of consolidation. Even the weakening US dollar and the decline in expectations for a Fed rate hike have not yet provided enough momentum for a full-fledged rally.
📊 Market highlights:
➡️ Bitcoin ($BTC ): During the Asian session, it touched the $64,000 mark (+0.5% per day), but is holding at around $63,300 (down ~3% per week).
➡️ Top altcoin of the week — Hyperliquid ($HYPE ): The token became the absolute growth leader, adding more than 3% per day and almost 9% per week (the price reached $59).
➡️ Top asset dynamics: Ethereum ($ETH ) rose to $1,900 (+1% per day), Solana (SOL) is trading around $75, and XRP — around $1. Most altcoins are still slightly down over the 7-day period.
➡️ Macroeconomic Background: The US dollar continues to decline for the third consecutive day after weak US retail sales data. The probability of a Fed rate hike next month has dropped from 50% to 25%.
🔍 What to expect next?
Analysts note that the slowdown in the inflow of funds into spot ETFs is dampening investor optimism. The main triggers for market movement this week will be:
1. FOMC minutes - publication on Wednesday.
2. Expected meeting at the White House on crypto market regulation.
The market froze in anticipation of regulatory and macroeconomic signals. Let's watch! 📊