🔥 The big pie has just finished a tough battle! In the new week, the crypto market is about to face another test 📊
Last week, the U.S. Federal Reserve delivered a 25-basis-point rate hike, $BTC
It briefly dipped to 75,000, but the bulls held firm against selling pressure. By the close, it stabilized above 80,000—maximum resilience.
This week, there’s no rate decision, but there’s still plenty of drama! At least eight Fed officials will step out to speak one after another, and everyone is watching: is this rate hike a one-off move, or the start of a new tightening cycle? Official expectations are that they may hike again once more within the year.
On Wednesday, the U.S. will also release the #PMI initial reading, to gauge how the economy is faring after the rate hike. Whether the data is good or bad will directly affect expectations for the next monetary policy.
Macro headlines continue to stir the nerves of the crypto market. Volatility is likely not going away anytime soon—so don’t take your eyes off the chart.
Last week, the U.S. Federal Reserve delivered a 25-basis-point rate hike, $BTC
It briefly dipped to 75,000, but the bulls held firm against selling pressure. By the close, it stabilized above 80,000—maximum resilience.
This week, there’s no rate decision, but there’s still plenty of drama! At least eight Fed officials will step out to speak one after another, and everyone is watching: is this rate hike a one-off move, or the start of a new tightening cycle? Official expectations are that they may hike again once more within the year.
On Wednesday, the U.S. will also release the #PMI initial reading, to gauge how the economy is faring after the rate hike. Whether the data is good or bad will directly affect expectations for the next monetary policy.
Macro headlines continue to stir the nerves of the crypto market. Volatility is likely not going away anytime soon—so don’t take your eyes off the chart.