Buy Dip Sentiment Rising on Falling Crypto Market Ahead of Fed Rate Decision

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Fallen crypto market fills up with buy the dip sentiment ahead of the Fed rate decision btc bitcoin eth ethereum cryptocurrencies $btc $eth santimentfeed

, which came under additional pressure due to events surrounding the transition to proof of stake, fell to $1,300, almost offsetting all of the Merge hype growth.

In its report, Santiment nevertheless appeals to similar sentiments that were present only a week ago, before the CPI report. Then, many of those bullish participants were severely punished by the instantaneous fall of the by almost 10%. Now opinions are divided, but the feeling of finding a new bottom has not disappeared.Ahead of Wednesday's FOMC meeting, the Fed is in a cramped state. Although markets are pricing in only a 0.75% hike, following the Fed chief's recent speech, a 1% hike is also possible. On the other hand, given the situation with U.S. debt and its servicing, as well as the liquidity crisis looming on the horizon, the regulator cannot afford too harsh an increase.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stock Market: Displays mix performance ahead of central bank week, oil slips below $85.00Markets in the Asian domain are displaying a mixed performance ahead of a volatile week, which will be full of surprises led by interest rate announce
Source: FXStreetNews - 🏆 14. / 72 Read more »