Bitcoin price reclaimed $90,000 before the US market open. Trump’s statements late yesterday fueled the idea that the dollar was being deliberately devalued. DXY It dropped to 2022 levels. Today, the Fed’s interest rate decision will be announced and we see signals that tensions with Iran will increase.
US Markets and Crypto
“Time is running out for Iran,” Trump said. The US President, who also sent a new warship to the region, is increasing the dose after Iran’s video threat. last year to Iran We saw how attacks affected the markets. Now, while the demonstrators in the region continue their actions, everyone expects the tension to increase even more as Trump made the statement “help is on the way”. Iran will be a hot topic for the markets in the coming weeks.
The dollar index rebounded from a nearly four-year low ahead of the decision on expectations that the Federal Reserve would keep interest rates steady. Gold and silver are still doing well. Gold With the support of the DXY decline, it reached a record level above $ 5,280 per ounce.
Today will be a busy day for US markets. cryptocurrencies Since it generally falls after the Fed meeting, there is a strong possibility that the last attempt at 90 thousand dollars will fail.
Important Developments
Trump and Bessent are expected to speak at 18:50. We may hear new things about tariffs. the other day South Korea tax increase It raised concerns that Trump might continue to take a stance in 2025 mode. The explanations we will see here are important.
The Fed interest rate decision will come at 22:00 and we will follow what Powell says half an hour later. It will be an active day for the US markets because many earnings reports will be announced as of 00:00.
Earnings reports of the above technology giants will stimulate stock market futures. A.I. The possible weakness we will see in its earnings may pull the crypto down with the AI bubble discussions again. Favorable data is not expected to cause serious activity due to the lack of interest in crypto.
What Bitcoin needs at this time is a real price catalyst. Institutional demand has significantly increased the stock market supply of ETFs, but tightening liquidity in spot markets is preventing prices from rising. This needs to be broken either suddenly by big investors or by an influx of individual investors with a new story. We will probably see this process begin when we see 98 and 101 thousand dollars broken in very short time intervals.
