So as expected by most, the Federal Reserves have raised interest again by 25 basis points. the FED's targeted range is 5%- 5.25% And since traders are already expecting this, it didn't have much of an impact on Bitcoin. And it's still playing 28k-29k$ up a level.
Although Jerome Fowel has not said that they will pause the rate hike, the expectation is that it is possible to pause because it is already in the targeted range.
And of course what the FED is still avoiding here is that if the interest rate increases too much, it will end up in a Recession which they also don't want to happen. Because the FED has only two enemies here, INFLATION, that's why it raises the interest rate, but as they continue to rise, the banks are put in trouble. And their latest here is the FRC (First Republic was rescued by the FDIC and JP Morgan.
Isn't this too bold to claim that Bitcoin will pump to $35k? I do not think that the FED rate hike basis can make a Bitcoin pump like this. So any indicator that this event will happen? I have not read much of news about making the sentiment of Bitcoin goes bullish. Instead, I think Bitcoin sentiment is currently dulled due to the Bitcoin ordinal inscription making the network congested and Bitcoin transaction fee to skyrocket. More or less, I am a bit bearish on the market sentiment. Unless some good news that Bitcoin Ordinal is blocked from using the Bitcoin blockchain is announced
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Inflation had been the problem since time when we aren't born. I think Inflation will contiuously be a problem of the traditiona financial sector. As long as they governments do not shift to a fixed supply currency, inflation will always be around causing problem to the economy.
Although Jerome Fowel has not said that they will pause the rate hike, the expectation is that it is possible to pause because it is already in the targeted range.
And of course what the FED is still avoiding here is that if the interest rate increases too much, it will end up in a Recession which they also don't want to happen. Because the FED has only two enemies here, INFLATION, that's why it raises the interest rate, but as they continue to rise, the banks are put in trouble. And their latest here is the FRC (First Republic was rescued by the FDIC and JP Morgan.
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So this event a few hours from now I think 4 hours from now it is possible that Bitcoin's value will pump 35k$ or more and suddenly dump up to 25k$ if its minor lower high is not broken.
Isn't this too bold to claim that Bitcoin will pump to $35k? I do not think that the FED rate hike basis can make a Bitcoin pump like this. So any indicator that this event will happen? I have not read much of news about making the sentiment of Bitcoin goes bullish. Instead, I think Bitcoin sentiment is currently dulled due to the Bitcoin ordinal inscription making the network congested and Bitcoin transaction fee to skyrocket. More or less, I am a bit bearish on the market sentiment. Unless some good news that Bitcoin Ordinal is blocked from using the Bitcoin blockchain is announced
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What do you think will happen? this is a type of event that every 16 years actually has this problem due to inflation. Please also give your opinion on this matter.
Inflation had been the problem since time when we aren't born. I think Inflation will contiuously be a problem of the traditiona financial sector. As long as they governments do not shift to a fixed supply currency, inflation will always be around causing problem to the economy.