cryptocurrencies The big day has arrived for you. There is a Fed interest rate decision in the evening, and then the earnings reports of trillion-dollar giants will be announced. Although the Bitcoin price recovered from the target of $75,500, which we noted earlier, it could not gain $78,000. Even though DOGE has a good day today with positive divergence, today is a decision day for all markets.
Decision time for cryptocurrencies
Geopolitical risks continue and macroeconomic uncertainty grows. stock Although we see relative optimism in the markets due to AI excitement, the situation is different in cryptocurrencies. Stocks near peak but lacking bullish momentum; There are defensive signals in foreign exchange and interest rates.
Markets started today’s session with a more cautious tone, as the impact of the first geopolitical premium from last week began to fade and was replaced by a new wave of macroeconomic uncertainty. There is no conflict for now, but oil continues to remain at triple-digit levels. In this environment, investors can focus on policy, interest rates and the general growth outlook and start taking positions.
April 29 Fed meeting
We are now hours away from the Fed interest rate decision, which is everyone’s focus. The decision is definitely that interest rates will be left constant, but the real signal and the movement it will trigger will be triggered by Powell’s tone. QCP Capital analysts wrote the following about the current situation;
“Current pricing still points toward rate cuts later this year, but belief in this has weakened and any resistance from the Fed could quickly reprice short-term rates and tighten financial conditions.
At the same time, political uncertainty is quietly increasing in the background. Markets are increasingly taking positions on a possible change in Fed leadership, with Kevin Warsh emerging as the leading candidate in the prediction markets. Known as an inflation hawk, Warsh’s skeptical attitude towards quantitative easing reveals a significantly different policy response function compared to the current regime.
While its views on cryptocurrencies are mixed, a less loose stance from the Fed could pose a drag on liquidity-focused assets; “Cryptocurrencies are particularly vulnerable to changes in real interest rates and the strength of the dollar.”
Fed’s Then earnings reports will trigger the second wave of volatility. As reporting continues for major tech companies, this week is a critical test of whether stock markets can justify their recent resilience. At the same time, soon-to-be-released data, including PCE and GDP Price Indices, will confirm or reject the soft landing scenario in the short term.
Evening Google, Amazon, EBAY, QCOM, META And Microsoft Earnings reports will be announced.
