🟡 Bitcoin price wobbles ahead of Fed’s rate decision

Bitcoin (BTC) dipped as low as $59,500 on Binance ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve (Fed), with expectations set for unchanged interest rates.

The CME FedWatch Tool indicates a mere 4.4% of economists predict a rate cut—the first in over a decade—while a dominant 95.6% anticipate rates to hold steady between 525-550 basis points.

According to The Kobeissi Letter, current market data indicates a 36% probability that there will be no interest rate cuts this year. Four months ago, the likelihood of maintaining current rates was only about 3%.

Expectations have also shifted to just one reduction this year. Previously, the market anticipated six rate cuts. Additionally, the probability of experiencing two or more rate cuts has diminished to 31%.

🔺 Stagflation risk

Amidst this financial climate, the US grapples with stagflation risks as inflation persists and economic growth slows.

The first quarter of 2024 saw GDP growth decelerate to 1.6%, falling short of the 2.2% forecast and down from the previous quarter’s 3.4%. Concurrently, the US Core PCE inflation index climbed from 2.0% to 3.7%.

Fed Chair Jerome Powell stated that recent data does not make the Fed more confident, suggesting a longer timeline to regain economic stability. He expressed belief in the adequacy of current policies to navigate the risks at hand, hinting at sustained high-interest rates without increases.

Bitcoin’s trajectory mirrored these economic uncertainties, dropping below $62,000 earlier in the week due to renewed stagflation worries.

A brief rally above $64,000 occurred with the launch of spot Bitcoin and Ethereum ETFs in Hong Kong yesterday, but the momentum was short-lived as investor caution set in ahead of the Fed’s key decision.

$BTC #BTC #Bitcoin

$BTC $ETH $BNB
🛑🛑🛑 Urgent update breaking news

🔵Let the picture be clear to everyone today:

🔷 US inflation data will be released shortly...

🔷 Expectations indicate a decline in inflation from 3.5% to 3.4%

🔷 If we witness a decline in inflation to 3.4%, the dollar will not weaken much because it will be a limited decline.

🔷 But if inflation surprises the market and rises above 3.5% on an annual basis, it will push the dollar towards a violent rise.

🔷 Because it will be a clear message to the market that the Fed will not reduce interest rates soon.

#Btc #eth #bnb #xrp #sol

Thanks Enes

write #Btc in comments to claim prize

Hit Like & Follow Tabs to
support and share

Bitcoin Up $4100 from our $60.9k Entry 🚀

$BTC #PEPEATH #GME #Memecoins #Bitcoin #Btc

Binance Thailand's recent addition of $FLOKI 🐶 is exciting news! Given Thailand's significant crypto adoption rate, this listing could greatly enhance FLOKI's accessibility in the country. With approximately 12% of the population owning crypto and high internet user cryptocurrency ownership, this move aligns well with FLOKI's goal of becoming a widely recognized and utilized cryptocurrency. Operating under the supervision of Thailand's Ministry of Finance and the Office of Securities and Exchange Commission, Binance Thailand's listing of FLOKI adds credibility and accessibility to the meme coin in the region.#Memecoins #altcoins #BlackRock #Btc

$BTC

Breakout Has Already Confirmed As Expected Still Expecting Move Towards Targets

#Crypto #Btc #Bitcoin

$BTC $ETH $BNB
🛑🛑🛑 Urgent update breaking news

1️⃣ 🟥 Jerome Powell: The Federal Reserve may be forced to make a series of cuts.

🛑🛑🛑 Any news or information issued by me is not advice, so do not forget to use DYOR

♥️ Thank you for Watching my Post ♥️

♥️You can support me with tips to provide better content♥️

#Btc #eth #bnb #xrp #sol

$BTC $ETH $BNB
🛑🛑🛑 Urgent update breaking news

The largest bank in Switzerland, UBS, now owns shares of the BlackRock Bitcoin ETF

🛑🛑🛑 Any news or information issued by me is not advice, so do not forget to use DYOR

♥️ Thank you for Watching my Post ♥️

♥️You can support me with tips to provide better content♥️

#Btc #eth #bnb #xrp #sol

looking Upto 52k #Btc $BTC

🎉Free Prediction Services🎉

Coin Name

( #Rez )

KinG just 👑#Bitcoin #Btc

If you want Free Signal then Folow And take Best free signal

$REZ Target ✍️🎯

0.1161$🎯
0.1165$🎯
0.1173$🎯
0.1179$🎯
0.1183$🎯
0.1187$🎯
0.1193$🎯
0.1198$🎯
0.1201$🎯

📈Big Target 0.132$🎯

Must use Stop loss (Optional )

#Dyor

#Cryptopredictor #CryptoWatchMay2024 $BTC $ETHFI

$BTC

Update:
holding a green box resistance level need to touch the grey box for another legup make it simple 🤌🏻

#Btc #Crypto #cryptocurrency

☕☕Good morning Have a Nice day💕🌄☕

Take 🫴Free BNB Gift🎁

Check Massage below comments 👇💯

Morning Gift 🎁☕

#Btc #Bitcoin Today Big News Coming at 5:30pm

#Cryptopredictor #altcoins #Dyor
$BTC $SOL $BNB

Is it bullish or bearish?

#Btc #BullorBear? #buythedip

$BTC $ETH $BNB
🛑🛑🛑 Urgent update breaking news

🟥 Jerome Powell: It makes sense to give a strong tightening of our monetary policy.

🛑🛑🛑 Any news or information issued by me is not advice, so do not forget to use DYOR

♥️ Thank you for Watching my Post ♥️

♥️You can support me with tips to provide better content♥️

#Btc #eth #bnb #xrp #sol

$ETH $BNB $ETH
🛑🛑🛑 Urgent update breaking news

1️⃣ 🟥 Jerome Powell: Inflation is still high and we still have not had a clear improvement with our monetary policy.

🛑🛑🛑 Any news or information issued by me is not advice, so do not forget to use DYOR

♥️ Thank you for Watching my Post ♥️

♥️You can support me with tips to provide better content♥️

#Btc #eth #bnb #xrp #sol

#Btc seams to have been rejected on the 200 moving average on 5 hour chart. Was this just a fake out??

#BTC
$BTC

💕Good Afternoon 💕

Big news Coming Today 2:30pm Dollor news Becarefull Market Reaction Change .Move depend on News #Btc #Bitcoin
#Dyor #Cryptopredictor #ETHETFS $BTC

what you see is what you get. enjoy trading everyone. safe trading.
to the winners out there share some coffee #BinanceIsTheBest #Btc #BnB

$BTC #Bitcoin  Formed Falling Wedge Expecting Breakout Too Successful Breakout Can Lead Move Towards 80-82k

#Crypto #Btc

OPEN your Eyes 🕵️Gift Waiting 🎁💲

🌄GOOD Morning☕ Have A Nice Day💕🎁

I pray 🙏🤲📿 that all people want to make money 💵💲in crypto may Allah bless them all and give them success💯🏆🎯

Tips 📌Of The Day✍️Patience is Key of Success🏆

And I am also with you, I am always trying to give you free predictions that something will be given to you that will benefit you and not harm you, so just pray for me and hope well. If Allah wills, He will give you much success through me

Because success and failure are related to Allah and those who trust in Allah and have good hope and patience, their results are very good and they never fail, nor can any power of the world fail them. #Dyor #Cryptopredictor $SOL $BTC $ETH #Btc #Bitcoin #ETFvsBTC

Should we hold or sell our #Bouncebit coins anyone who can say No we should hold it or sell it and why??

Let's share our thoughts about #Btc restaking coin.

#BinanceLaunchpool #altcoins #MicroStrategy