U.S. Federal Reserve Governor Christopher Waller says multiple rate cuts are possible in the first half of the year. In a new interview with CNBC, Waller notes that recent data suggests inflation is coming down. “If we continue getting numbers like this, it’s reasonable to think that possibly rate cuts could happen in the first […]
The post US Fed Governor Says Rate Cuts Could Resume in the First Half of 2025 If Economic Trends Continue appeared first on The Daily Hodl.
Net inflows into spot Ether ETFs were positive in 22 of the last 24 trading days in 2024 and one analyst expects flows to increase even more under the Trump administration.
Ether could be one of the leaders of a potential Q1 rally in 2025, should history repeat itself, though one industry analyst warns a “hawkish” macro climate could slow market momentum.
The first quarters of a new year following a United States election and Bitcoin halving cycle have produced some of Ether’s (ETH) best-performing quarters, notably Q1 2017 and Q1 2021, when it rallied 518% and 161%, respectively, CoinGlass data shows.
Those returns even outpaced Bitcoin’s (BTC) 11.9% and 103.2% for those quarters.
Based on current data, 24 days before the upcoming Federal Open Market Committee (FOMC) meeting, there’s a 52.7% likelihood of a quarter-point rate cut, according to CME Group’s Fedwatch tool. Markets Signal Mixed Messages Ahead of FOMC Meeting The U.S. Federal Reserve‘s federal funds rate outlook for December remains a toss-up. The odds of no […]
Bitcoin’s correction reflects investors’ inflation concerns and highlights the potential impact of future US fiscal policies.
Bitcoin (BTC) traded down by 4.1% on Nov. 14 following US inflation data that marginally exceeded market expectations. This decline mirrored the S&P 500 index futures, which fell from 6,023 to 5,980 over four hours.
As a result, traders are now questioning the extent of this correlation and when Bitcoin’s inflation-hedging attributes might offer some protection in an environment of persistent inflation.
S&P 500 index futures (left) vs. Bitcoin/USD (right). Source: TradingView
BTC price targets already include $100,000, with Bitcoin traders bracing for more volatility around the Fed interest-rate decision.
Bitcoin is consolidating at $75,000 on Nov. 7 as markets gear up for a United States macro event.
BTC/USD 1-hour chart. Source: TradingView
Bitcoin’s (BTC) price action reached new record highs of $76,480 on Bitstamp before a modest pullback, data from Cointelegraph Markets Pro and TradingView confirmed.
Bitcoin options and futures markets display moderate optimism after a new BTC all-time high, which could be indicative of new price highs.
Bitcoin (BTC) surged by 10.5% to hit a new all-time high at $75,350 from Nov. 5 to Nov. 6 following former US President Donald Trump's win in the 2024 election.
Despite the recent price fluctuations, the market is demonstrating a strong foundation that supports continued growth. Bitcoin derivatives highlight the robust improvement in sentiment and the absence of excessive leverage, which are essential for gains above $75,000.
Bitcoin 2-month futures annualized premium. Source: Laevitas.ch
In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures data suggests that a half-point reduction is currently viewed as more probable than […]
On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to the Federal Open Market Committee (FOMC) press release, the central bank remains focused on reaching […]
Bitcoin price rallies to $61,000 after the US Federal Reserve cuts rates by 50 basis points for the first time since 2020.
Bitcoin rallied above $61,000 following the United States Federal Reserve’s decision to cut interest rates by 50 basis points. The Fed’s decision to cut rates for the first time since 2020 is a move long predicted by crypto traders, and most anticipate Bitcoin and the wider cryptocurrency market to benefit from the policy reversal.
Data from Cointelegraph Markets Pro and TradingView followed BTC’s price action as it reacted to the rate cut decision even as the market awaited accompanying commentary from Fed Chair Jerome Powell.
BTC/USD 15-minute chart. Source: TradingView
A trio of Democratic senators want the U.S. Federal Reserve to cut the federal funds rate by 75 basis points this week. In a public letter penned to Fed Chair Jerome Powell, Elizabeth Warren (D-Massachusetts), Sheldon Whitehouse (D-Rhode Island) and John Hickenlooper (D-Colorado) argue that recession risks and a softening labor market justify significant rate […]
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