US inflation figures will come out today and will not change the Fed’s interest rate decision next month. It is expected that interest rate cuts will be passed in at least 2 more meetings because the employment side has recovered. So, what are the latest predictions for Chainlink (LINK) and Bitcoin (BTC)?
Chainlink (LINK) and Bitcoin
Bitcoin price At the time of writing, it is stalling at $67 thousand and altcoins are painted red. As we move into the weekend, things do not seem to be in favor of cryptocurrencies. The analyst with the pseudonym DaanCrypto Trades wrote that Bitcoin is consolidating within the falling wedge and pointed out where the level to follow is.
“BTC It’s still consolidating within this falling wedge. A breakout attempt was made yesterday but was repelled at the $68,000 level. “If you want to see another rise at some point, you should watch this area.”
The previous falling wedge caused the price to drop from 90 thousand dollars to 60 thousand dollars. The target of the previous formation was 56 thousand dollars, and if this local structure breaks down, the same levels can be targeted again with closings below 64 thousand dollars.
Columbus is hopeful for LINK Coin. Having fallen back to single-digit prices, LINK Coin continues to be weak despite numerous good news.
“After the last wave of selling, the price is stuck in a falling triangle.
While the support level holds, the tops continue to fall and volatility narrows towards the top.
“When structures are compressed in this way, expansion often follows.”
LINK Coin After the market value lingers in this range for a while, according to the analyst, it will return to a market value of over 10 billion dollars.
Important Developments
We have seen many important developments in the last 24 hours. The first of these was Trump’s statement yesterday, “We must make a deal with Iran.” Although Trump continues his threatening language, he hints that we could see a deal next month. Of course, we need to look at actions, not words. Last year, we saw that while talking sweetly, he suddenly fired missiles at nuclear facilities. Other important developments are summarized as follows:
- The USA signed a trade agreement with Taiwan, customs duties were reduced to 15%.
- It has been reported that some steel and aluminum customs duties will be withdrawn.
- Senate Banking + SEC Chairman Atkins is working on the crypto market structure bill.
- The CFTC established the 35-member Innovation Advisory Committee, which includes many big crypto names.
- SEC President Atkins called the United States the “crypto capital of the world.”
- Saylor announced that he wants the United States to lead in the field of artificial intelligence and digital assets.
- coinbaseadded $39 million worth of BTC in Q4.
- Indiana has introduced a bill that would allow state pension funds to invest in crypto.
