Main notes
- Bitcoin and Ethereum leave central exchanges over the past day.
- Usdt and USDC have registered strong net flows in exchanges for a possible purchase.
- Peter Chef alludes to the “Shadow Fed Chair” for faster price discounts.
The fluctuations of the encryption market decreased while traders seem optimistic about the minutes of the FOOC Open Market (FOMC) (FOMC), a detailed record of discussions and decisions taken during the agency’s meetings.
Bitcoin (BTC) has been combined near the $ 108,000 mark over the past 24 hours. ETHEREUM (ETH) moves on a side over $ 2500. The roof of the Crypto Global Market reached $ 3.32 trillion with minimal movements.
according to Data From Coinglass, I left 1400 BTC and 35,607 Eth Central exchanges over the past 24 hours. The value of the net flow to the highest coded currencies of CEXS is more than $ 240 million combined at the current price points.
On the other hand, the leading stock exchanges recorded a clear flow of $ 236 million and $ 14 million in the same time frame.
BTC and ETH holders move towards long -term accumulation, while Stablecoin investors may search for Bitcoin and Altcoin investments.
In simple phrases, encryption investors offer signs of optimism while waiting for a great catalyst to move the market up.
“Shade feeding chair” and potential price discounts
More than six months have passed since the last interest rate reduced – interest rates have been reduced from 4.75 % to 4.50 % on December 18, 2024.
Peter Chef, a long -term encryption critic and American stock broker, hinted to a possible reduction until the end of this year.
However, he claims that US President Donald Trump may replace Federal Reserve Chairman Jerome Powell with the “Federal Reserve Chair” to reduce interest rates sooner.
https://www.youtube.com/watch?
FOMC FOMC is scheduled for Wednesday, July 9, 18:00 UAE. These records are likely to provide more information to the public on how the Federal Reserve is applying for interest rates. Last month, the FOMC meeting raised the sale of Bitcoin due to the downward expectations within society and investors.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Wahid has analyzed and informed the latest trends in the decentralized ecosystem since 2019. He has more than 4000 articles in his name, and his work has been presented to some leading ports including Yahoo Finance, Investing.com, Cointelgraph and Benzinga. Unlike reporting, Wahid loves to connect points between Defi and Macro in his news message, Monk on the series.
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