Investors remain concerned about the Fed and the potential measures to curb inflation, while regulations and anti-crypto rhetoric keep BTC in check
Investors beware! The fear of the Fed doesn't seem to be going away any time soon. While there were no significant events to impact the market on this quiet Sunday, investors remain concerned about the Fed and its potential actions to combat inflation. Despite weak U.S. non-farm payrolls for June, many still believe the Fed will raise interest rates after the summer. This continues to weigh on investors' willingness to buy. Another factor preventing Bitcoin price from going above $31,500 is regulation by regulators and anti-crypto rhetoric in the US. …
Investors remain concerned about the Fed and the potential measures to curb inflation, while regulations and anti-crypto rhetoric keep BTC in check
Investors beware! The fear of the Fed doesn't seem to be going away any time soon. While there were no significant events to impact the market on this quiet Sunday, investors remain concerned about the Fed and its potential actions to combat inflation.
Despite weak U.S. non-farm payrolls for June, many still believe the Fed will raise interest rates after the summer. This continues to weigh on investors' willingness to buy.
Another factor preventing Bitcoin price from going above $31,500 is regulation by regulators and anti-crypto rhetoric in the US.
What awaits us today? Monday starts quietly as there are no key economic indicators to pay attention to. However, the Fed's afternoon discussions will pique investor interest as hawkish comments are expected to have an impact.
Aside from the US economic calendar, investors should also keep an eye on ETF conversations, as news about Binance and the SEC vs. Ripple are also expected to play a central role.
It remains to be seen how the market and Bitcoin in particular will develop during this uncertain time. Investors should continue to pay attention and monitor developments carefully, particularly with regard to Fed announcements and regulatory decisions.