Reserve

Cryptocurrency

Jerome Powell

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analysts-discuss-cryptocurrency-market-trends" data-wpel-link="internal">Analysts Discuss Cryptocurrency Market Trends</a><br></p>
<p style="text-align: justify">As the cryptocurrency market continues to experience volatility, <a href="https://en.bitcoinhaber.net/bitmain-and-btc-digital-forge-a-5-32-million-deal-for-advanced-bitcoin-mining-rigs" data-wpel-link="internal">Bitcoin</a> has yet to recover from its significant decline on August 5. Investors are eagerly awaiting a turnaround, especially in altcoins, to regain their confidence. On August 13, analysts provided new insights into the current situation and <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">future</a> expectations for cryptocurrencies.</p> 
<h2 id="analyst-crypto-commentary">Analyst Crypto Commentary</h2> 
<p style="text-align: justify">Analysts from QCP Capital have released their latest evaluation of the cryptocurrency markets, offering a comprehensive view that includes both macroeconomic and crypto-specific perspectives. Their assessment highlighted several key points, including the resurgence of Japanese <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">stock prices</a> to pre-crash levels and the cautious anticipation of upcoming US CPI figures.</p> 
<p style="text-align: justify">They noted that investors are closely monitoring these inflation figures to determine whether the Federal Reserve will opt for a 50 basis point or 25 basis point rate cut in September, with current odds being evenly split. Additionally, ETH spot ETFs have seen significant inflows, surpassing $901 million, which has provided robust support for ETH prices and could signal a potential recovery.</p> 
<h2 id="is-the-crypto-downturn-over">Is the Crypto Downturn Over?</h2> 
<p style="text-align: justify">Recent Producer Inflation data came in below expectations, and a similar drop is anticipated in the forthcoming consumer inflation data. This could prompt the Fed to adopt a more aggressive approach to rate cuts, especially as employment data has also been disappointing. A positive inflation report could usher in a period of accelerated growth for both cryptocurrencies and stocks.</p> 
<p style="text-align: justify">If the inflation data released tomorrow is favorable, it may mark the beginning of a new phase where the Federal Reserve, nearing its 2% inflation target, starts to recognize the potential risks and damages of maintaining a tight monetary policy.</p> 
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2> 
<p style="text-align: justify"> – A 50 basis point rate cut by the Fed in the upcoming meetings could be a significant catalyst for Bitcoin prices.<br> – Significant inflows into ETH spot ETFs suggest strong support and potential recovery for ETH.<br> – Lower-than-expected inflation data could boost investor confidence and accelerate the rise of cryptocurrencies and stocks. </p> 
<p style="text-align: justify">In conclusion, Jerome Powell and his team may need to begin reducing rates with a 75bp base cut this year to avoid further complications. With three Fed meetings remaining in the year, a 50bp cut in one of these sessions could act as a substantial price catalyst for BTC, potentially leading to a market recovery.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/analysts-discuss-cryptocurrency-market-trends" data-wpel-link="internal">Analysts Discuss Cryptocurrency Market Trends</a></h5>

Analysts Discuss Cryptocurrency Market Trends

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