After hours Fed Interest Decision will explain and crypto currency Markets are under the influence of cautious investors, especially since Sunday. According to Binance TR data, the price of BTC fell to $ 93,377 in the last 24 hours and the volumes fell significantly. Investors who cannot forget their bitter experiences have many reasons to be cautious.
May 7 Fed Meeting
With the data on Friday, the expectations of the Fed’s attitude became greatly clear. Fedwatch According to the vehicle, investors did not expect a discount at this meeting. However, they hoped to see signals that the first discount would begin in June. After employment data that balances recession concerns, this expectation was also evolved.
While the major financial institutions revised interest rates for the following months, Powell’s explanations of Powell also had a coup. The current environment represents a complete period of uncertainty.
Although negotiations about the tariffs continued, we have not yet seen a concrete agreement, and the statement from the cabinet last week was that we would see an agreement this week. It started on Tuesday, and there is no such announcement yet. Trump Tomorrow with Carrey from Canada to have lunch, but yesterday’s trade minister’s statements mentioned the complexity of the Canadian Agreement, it doesn’t make sense to sign an agreement immediately today.
Xi is expected to arrive from China in June, but there is no progress with China yet as the first 6 days of May ends.
Powell can melt all of this in a pot and say that “tariffs will raise inflation and avoid downloading interest rates in this uncertain environment, we are in a good position to see what is happening”, this is the expectation in the markets.
What can crypto currency investors do?
The environment is uncertain and gold is rising. Crypto Coins It falls because technology shares began to perform negatively in this environment. In other words, BTC is not digital gold, and uncertainty has the opposite consequences.
Then we should see that a trade agreement is signed with one of the 10 major economies this week. However, there are also statements that the communication between China and the United States is strengthened again.
In summary, these gray clouds can continue to feed fear for a few more weeks in crypto currencies.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
