US Fed Rate 'Hike And Pause' Price In: Bitcoin, Ethereum, XRP, DOGE Set For Rally

JPMorgan’s trading desk expects a “hike and pause” as the likely outcome of the FOMC meeting that will lift the market, reported Bloomberg. With the second-quarter earnings season in full swing, the Fed’s decision to either pause or confirm one more hike will bring further upside momentum. The headline inflation falling and jobs data coming close to the Fed’s expectations also signal a rate hike stop.

advertisement

Image

Wall Street banks including Morgan Stanley, Goldman Sachs, Bank of America, Citigroup, and Wells Fargo analysts also estimated a 25 bps rate hike and pause, with a possible rate hike by the year’s end. CME FedWatch Tool shows a 99% probability of a 25 bps rate hike.

Dow and S&P 500 futures are up about 0.1%, while Nasdaq 100 futures flat ahead of a key rate hike decision by the US Fed. Treasury yields and oil prices are falling, as well as, the US dollar index (DXY) moving to 101, indicating further upside in Bitcoin and other crypto prices.

Recommended Articles
ethereum price crypto news
Crypto Presale Projects For 2023 To Invest; Updated List
Must Read
crypto exchange affiliate programs
Best Crypto Exchange Affiliate Programs In 2023
Must Read
ethereum price crypto news
Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated]
Must Read
ethereum price crypto news
Crypto Telegram Channels List 2023 [Updated]
Must Read
ethereum price crypto news
Top 10 Web3 Games To Explore In 2023; Here List
Must Read

Read More: Bitcoin (BTC) Exchange Supply At 5-Year Low Indicates Bullishness Ahead

Bitcoin and Ethereum Prices Set For Rally

Popular analyst CredibleCrypto predicts Bitcoin price has been repeating a pattern since its bottom at $15000 and “It’s almost time for the next impulse.”

bitcoin price
Bitcoin Price In Daily Timeframe. Source: CredibleCrypto

Popular analysts including Michael van de Poppe, Rekt Capital, and Crypto Tony are also bullish on Bitcoin price starting to rally after the Fed rate hike.

 

BTC price jumped 0.5% in the past 24 hours, with the price currently trading at $29,278. The 24-hour low and high are $29097 and $29382, respectively. Meanwhile, ETH price trades above $1850, rebounding from the support.

XRP and Dogecoin (DOGE) prices are expected to continue moving upwards, continuing to lead altcoins to recovery.

Also Read: Terra Luna Classic Proposes To Improve Governance And Decentralization

Comments

Post a Comment

Popular posts from this blog

Bitcoin Price Prediction as BTC Starts Recovering and Goes Back Above $26k

Image
Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price started to recover after previously dropping below $26k on June 10th. After nearly two full days of trading sideways, Bitcoin saw two minor price increases, both of which were followed by corrections back to $25,700. However, later on June 12th, the coin started a strong, steady price recovery that took it from $25,736 to $26,236. The coin climbed by $500 in less than 24 hours, followed by a brief correction back to $26,115. After dropping to this level, BTC started growing once again, reaching $26,181 at the time of writing. According to experts, the positive fluctuation in the market suggests that buyers have started showing strength again and were able to push the price upward. The movement is a result of two significant factors — a positive divergence observed on the 1-hour RSI, and the breaking of the downtrend line, indicating a potential shift in the market sentiment from bearish
Read more

Pro-XRP Attorney Explains How This Week Can Become Crypto’s Biggest Week Ever

- Advertisement - Deaton highlights the events that will prove this week as Crypto’s biggest week. - Advertisement - Following Bitcoin ’s rally to $30,000 and upcoming Etherum’s Shanghai upgrade, attorney John Deaton has highlighted the next important event that could make this week the biggest week ever for crypto. For Deaton, this week has been remarkable for cryptocurrency. Bitcoin rallied above $30,000, and the cryptocurrency community eagerly anticipates Ethereum’s Shanghai upgrade scheduled to launch today. While Deaton acknowledges the significance of both events, he asserts that this week will prove to be crypto’s most significant when Judge Analisa Torres issues a ruling in Ripple’s favor. “[…] A great and fantastic ruling from Judge Torres in the @Ripple case next could prove to be Crypto’s biggest week ever,”  said Deaton.  Bitcoin Rallies to $30K and Ethereum’s Upcoming Shanghai Upgrade Notably, Bitcoin broke the $30K resistance yesterday for the first time since June
Read more

What to expect from the crypto market in 2023: Watch The Market Report

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss what we can expect from the cryptocurrency market in the new year. This week on The Market Report, the resident experts at Cointelegraph discuss what investors can expect from the crypto currency market in 2023. Will this bear market carry on, or will we see the beginning of the bull market ? Also up for discussion is what projects have the potential to make a splash in 2023. We start off this week’s show with the latest news in the markets: 4 ‘emerging narratives’ in crypto to watch for: Trading firm Despite an eventful year fraught with crypto collapses and price drops, Steven Goulden, a senior research analyst at crypto trading firm Cumberland, has pointed to several “green shoots” to break the surface in crypto in 2023. Make sure to listen as our experts go over which industries have the potential to break out in 2023. Crypto community expresses Christmas market sentiments: ‘No Santa rally’ Tr
Read more