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Market Wrap: Markets Seem Hopeful the Fed Will Temper Rate Increases That Crushed Prices

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MARKET WRAP: Markets appear hopeful the Federal Reserve will slow interest rate hikes, even though the central bank says otherwise. GWilliamsJr_CMT and _jocelynyang_ report

Ten-year Treasury yield daily close: 3.62%Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atCrypto markets traded higher on Tuesday on what appears to be expectations the U.S. Federal Reserve will pivot to a more accommodative monetary policy, lowering interest rates instead of raising them.

On Tuesday, Fed Bank of New York President John Williams indicated that the bank still has “a significant ways to go,” adding that current monetary policy is not restricting growth. Technically, the DXY has shown a slight tendency to react to overbought and oversold levels of the RSI . The RSI is a momentum indicator, implying that an asset is overvalued when the level exceeds 70, and undervalued when it falls below 30.

 

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GWilliamsJr_CMT _jocelynyang_ quick question . why you guys leaking inside information to this telegram group TG: BowPowPMPZ ,they always seem to make 15-20x each pump

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GWilliamsJr_CMT _jocelynyang_ Market Wrap:

GWilliamsJr_CMT _jocelynyang_ Why is nooboody talking aboout this?

GWilliamsJr_CMT _jocelynyang_ Why is everybodyy silent on thiss.

GWilliamsJr_CMT _jocelynyang_ On-chain metrics say that the fall of Bitcoin is approaching 😱 Join and get more insides and metrics❤️

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