Markets seem to be up, but what's really going on with Bitcoin's price action?
Since March 2022, traders and so-called analysts have been forecasting a policy change or pivot from the United States Federal Reserve.
According to comments issued by the FOMC and during Jerome Powell’s presser, Powell emphasized that the Fed is aware of and monitoring how policy is impacting markets and that the latency of interest rate hikes is being acknowledged and considered.“In order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time.
What is surprising is there was a dash of pivot language, and markets didn’t react accordingly. Let that be a lesson on buying into narratives too deeply. “Bitcoin Market-Cap / Hash-Rate, and normalized the 2 year average” to essentially take “the ratio of energy work done to secure the Bitcoin network in relation to price.”“Today we are seeing valuations unheard of since Bitcoin was $4-6K.”, Edwards also believes that long-term holders have already capitulated. After citing the chart below, Edwards said:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bitcoin sets new 7-week high as BTC price jumps past $21K on US jobsBitcoin sets new multi-week highs as BTC price reacts to U.S. unemployment data.
Weiterlesen »
Bitcoin bulls aim for a post-FOMC win in Friday’s $640M BTC options expiryFOMC meeting-induced volatility is impacting BTC price, but bulls are still aiming for a win in this week’s options expiry.
Weiterlesen »
Bitcoin, Ethereum Technical Analysis: BTC Rebounds on Friday, as NFP Report Looms – Market Updates Bitcoin NewsCryptocurrency prices rebounded on Friday, as markets prepared for the latest U.S. nonfarm payrolls report.
Weiterlesen »
BTC/USD Forex Signal: Bitcoin Buyers Disappear Amid a HawkisThe BTC/USD pair retreated slightly after the latest interest rate decision by the Fed.
Weiterlesen »
Bitcoin’s $20K support looks weak, but pro traders are neutrally positionedBitcoin price struggles to rise above $21,000 and charts suggest that the $20,000 support is weak. noshitcoins explores how pro traders are positioned in the futures and options markets.
Weiterlesen »
Cases of respiratory virus surge to 2-year high, CDC data showsThe number of people with the respiratory syncytial virus, or RSV, has surged, with cases hitting a two-year high, according to the CDC.
Weiterlesen »