Fed Meeting Wednesday FOMC turned out to be a burger nothing, a victory for the Bulls considering the recent optimist on the cryptography market.
The federal reserve maintained its target rate unchanged at 425 to 450 base points, which was in line with market expectations.
In addition, the president of the Fed, Jerome Powell, remained with the theme “to wait and see” in his post-FOMC remarks, despite the recognition of increasing macroeconomic uncertainty.
The prices of cryptography see an increase on the other side, with the uncertainty of the FOMC now behind them. After initially plunged $ 95,800, the Bitcoin price increased to $ 98,000 in the first hours of Asian negotiation.
The pieces even benefited from the FOMC on Wednesday, with Mog Coin, Popcat and Ponke among the best cryptography winners.
Why is the Nothing Burger FOMC good news for crypto?
Macroeconomic uncertainty is currently the largest obstacle to the bullish market in current cryptography.
Negative American GDP of the last quarter, in addition to high levels of inflation, has raised concerns of an imminent recession as well as stagflation – an environment defined by slowing growth and sticky inflation.
Consequently, investors were concerned about Powell’s fertilizer tone, which could have caused the volatility of the decline.
The president of the Fed made recognize “Somewhat high” inflation, increasing macroeconomic uncertainty and the growing risk of stagflation. He also criticized Trump’s prices, calling them “much more important than expected”.
However, Powell has largely adopted a “wait and see” approach, a sentence that he repeated several times during his remarks. Consequently, interest rate traders continue to price in three rate drops this year, data from CME Fedwatch revealed.
Without any extremely athletic declaration of the Fed chair, the cryptography market seems ready to resume its Bull Run, which started in early April.
The world’s arrow liquidity, as measured by the world money supply of M2, confirms this upward thesis. The GMAL global M2 graphic of GMI CEO, Raoul Pal, shows its strong correlation with BTC and indicates that the Bitcoin price could go around $ 140,000 and beyond.
Best cryptos to buy now
The cryptography market is in a Bull Run and the output investors have a final opportunity to load assets at undervalued prices.
For example, the Bitcoin price could peak between $ 150,000 and $ 210,000, which means that it continues to be one of the best cryptos to buy.
Among the altcoins, the batteries, the MOG and Ponke present a strong bullish force and have become the best winners of cryptography after the Fed meeting.
Popcat also draws significant attention after the FOMC. The Popcat price came out of a corner of several weeks as well as an opposite head and shoulder model, two strong bulls signals for any room of memes.
Experts indicate a high possibility of $ 1 in the coming weeks.
Intelligent money investors demonstrate interests for BETA BTC games, which is why BTC Bull has also experienced an important purchasing frenzy.
A unique piece of memes on the theme of Bitcoin, BTC Bull promises a free bitcoin, chip burns events and Airdrops when the Bitcoin price reaches certain price milestones, making it an excellent bet on the BTC.
Due to this unique concept, the first buyers are considering investments 100x from BTCBull.
Solaxy (Solx) is another piece of memes Solana which creates a buzz absolutely, collecting more than $ 33 million in its presale behind a high demand for whales.
This is the first Solana Layer-2 scaling solution, which makes it a long-term investment and a beta beta bet.
Since the best Bitcoin and Ethereum L2 as batteries and optimism have evaluations of several billion dollars, experts call Solx the next 20x crypto.
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Solaxy (Solx) is another piece of memes Solana which creates a buzz absolutely, collecting more than $ 33 million in its presale behind a high demand for whales.
This is the first Solana Layer-2 scaling solution, which makes it a long-term investment and a beta beta bet.
Solaxy (Solx) is another piece of memes Solana which creates a buzz absolutely, collecting more than $ 33 million in its presale behind a high demand for whales.
This is the first Solana Layer-2 scaling solution, which makes it a long-term investment and a beta beta bet.
Solaxy (Solx) is another piece of memes Solana which creates a buzz absolutely, collecting more than $ 33 million in its presale behind a high demand for whales.
This is the first Solana Layer-2 scaling solution, which makes it a long-term investment and a beta beta bet.
