The Federal Reserve is once again pouring cold water on the market.
Musailem said interest rates may need to rise further to curb inflation driven by strong demand and commodity shocks; he believes that without stronger policy constraints, inflation over the next 18 months is more likely to be clearly above the 2% target.
Statements like this are typically not friendly to risk assets such as $BTC and $ETH . If more officials continue to lean toward “rate hikes,” expectations for U.S. interest rates will weigh on crypto valuations, and leverage sentiment will also become more cautious. If macro pressure persists, the durability of rebounds will be weakened, making it even more important to digest hawkish pricing at higher levels.
Source: BlockBeats
Are you more worried that $BTC will first face pressure and pull back, or that it will first range repeatedly at high levels before choosing a direction?
Chart 1: Fed officials go hawkish again · Source page partial screenshot
Image source: https://www.theblockbeats.info/flash/368312
Musailem said interest rates may need to rise further to curb inflation driven by strong demand and commodity shocks; he believes that without stronger policy constraints, inflation over the next 18 months is more likely to be clearly above the 2% target.
Statements like this are typically not friendly to risk assets such as $BTC and $ETH . If more officials continue to lean toward “rate hikes,” expectations for U.S. interest rates will weigh on crypto valuations, and leverage sentiment will also become more cautious. If macro pressure persists, the durability of rebounds will be weakened, making it even more important to digest hawkish pricing at higher levels.
Source: BlockBeats
Are you more worried that $BTC will first face pressure and pull back, or that it will first range repeatedly at high levels before choosing a direction?
Chart 1: Fed officials go hawkish again · Source page partial screenshot
Image source: https://www.theblockbeats.info/flash/368312
