FOMC

2024

when

Notable

Grayscale Bitcoin Trust

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/key-week-for-risk-assets-as-markets-eye-federal-reserves-interest-rate-decision/" data-wpel-link="internal">Key Week for Risk Assets as Markets Eye Federal Reserve’s Interest Rate Decision</a> 
A critical week for risk assets is taking shape around the Federal Reserve’s (Fed) next decision on interest rates and accompanying comments by Fed Chairman Jerome Powell. The Federal Open Market Committee’s (FOMC) next meeting will conclude on March 20 and will be a significant factor for classic risk asset volatility. 
<h2 class="p1" style="text-align: justify" id="us-data-and-bitcoin">US Data and Bitcoin</h2> 
With all these developments, markets are expecting very few surprises and believe that the chance of a persistent inflation interest rate cut is gone, and even subsequent FOMC meetings are unlikely to change this trend. For instance, according to the latest predictions by CME Group’s FedWatch Tool, there is only an 8% chance of a rate cut at the FOMC meeting. In an analysis of FedWatch data, trade source The Kobeissi Letter provided the following comments in a broader analysis: 
<blockquote> 
 “It’s now official: For the first time this year, markets see only 3 rate cuts in 2024. This is also the moment when the markets align with the latest Fed guidance for the first time.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-329713 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/fed-.webp" alt="" width="2000" height="1000"> 
Powell will make two speeches this week, the second of which will be on March 22. Market observers will closely monitor the language used for clues about future policy moves. The Kobeissi Letter continued in its analysis: 
<blockquote> 
 “All eyes are on this week’s Fed meeting for guidance from the Fed. Two months of rising CPI inflation require the Fed’s concern. As the fight against inflation continues, rate cuts in 2024 seem certain.” 
</blockquote> 
<h2 class="p1" style="text-align: justify" id="notable-development-in-bitcoin-data">Notable Development in Bitcoin Data</h2> 
According to the <a href="https://en.coin-turk.com/hong-kong-institute-to-launch-cryptocurrency-trading-education/" data-wpel-link="internal">Crypto</a> Fear and Greed Index, a market sentiment indicator, sentiment continues to stay in the extreme greed zone, with some hodlers casting their vote through wallet movements. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-329711 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/crypto-fear.webp" alt="" width="1113" height="534"> 
According to the latest data from data analysis platform CryptoQuant, the rate of profit-taking from long-held assets has significantly increased. Long-term holders (LTHs), investors who have held assets for at least 155 days, transacted approximately 600,000 <a href="https://coin-turk.com/kasimda-bitcoin-btc-kac-dolar-olacak-altcoinlere-dikkat" data-wpel-link="internal">Bitcoin</a> over the past month. Participants at CryptoQuant discussing this process linked part of the sale to the Grayscale <a href="https://en.coin-turk.com/expert-predicts-record-highs-for-bitcoin-and-ethereum/" data-wpel-link="internal">Bitcoin</a> Trust (GBTC). 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-329712 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-lth-.jpg" alt="" width="1200" height="756"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/key-week-for-risk-assets-as-markets-eye-federal-reserves-interest-rate-decision/" data-wpel-link="internal">Key Week for Risk Assets as Markets Eye Federal Reserve’s Interest Rate Decision</a></h5>

Key Week for Risk Assets as Markets Eye Federal Reserve’s Interest Rate Decision

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