Bitcoin Weekly Forecast: The Fed kills the vibe
News brief
Bitcoin (BTC) clings to $70,000 at the time of writing on Friday, slipping nearly 3% so far this week and snapping two consecutive weeks of recovery. Bitcoin (BTC) clings to $70,000 at the time of writing on Friday, slipping nearly 3% so far this week and snapping two consecutive weeks of recovery. Bitcoin (BTC) clings to $70,000 at…
Why traders care
For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment.
What to watch next
- Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
Bitcoin (BTC) clings to $70,000 at the time of writing on Friday, slipping nearly 3% so far this week and snapping two consecutive weeks of recovery. Bitcoin (BTC) clings to $70,000 at the time of writing on Friday, slipping nearly 3% so far this week and snapping two consecutive weeks of recovery. Bitcoin (BTC) clings to $70,000 at… Bitcoin (BTC) clings to $70,000 at the time of writing on Friday, slipping nearly 3% so far this week and snapping two consecutive weeks of recovery. Bitcoin price slips nearly 3% so far this week, snapping two consecutive weeks of mild recovery.The Fed’s hawkish tone dampens hopes of rate cuts this year, hurting overall risk appetite.Institutional demand remains indecisive, with US-listed ETFs alternating inflows and outflows.Bitcoin (BTC) clings to $70,000 at the time of writing on Friday, slipping nearly 3% so far this week and snapping two consecutive weeks of recovery. Market sentiment has weakened following… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
