Key notes
- Bitcoin and Ethereum left centralized exchanges in the last day.
- The USDT and the USDC have recorded solid net inputs in exchanges for a potential wave of purchase.
- Peter Schiff suggests a “Fed shadow chair” for faster rate reductions.
The volatility of the cryptography market has decreased while traders seem optimistic about the minutes of the US Federal Open Market (FOMC), a detailed recording of discussions and decisions made during agency meetings.
Bitcoin (BTC) has consolidated near the $ 108,000 mark in the last 24 hours. Ethereum (ETH) exceeded laterally above $ 2,500. The global market capitalization of cryptography amounted to 3.32 billions of dollars with a minimum of movements.
According to Coinglass data, 1,400 BTC and 35,607 ETH have left centralized exchanges in the past 24 hours. The net outings of the two best Cexs cryptocurrencies are over $ 240 million combined at their current prices.
On the other hand, the main exchanges recorded a net influx of 236 million USDT and 14 million USDC within the same period.
BTC and ETH holders moved to a long -term accumulation, while Stablecoin investors could look for Bitcoin and Altcoin investments.
In simple terms, cryptographic investors show signs of optimism while waiting for a major catalyst to move the market upwards.
The “Fed of the Shadow Chair” and the potential decreases
It has been more than six months since the last drop in the Fed rate – interest rates were reduced by 4.75% to 4.50% on December 18, 2024.
Peter Schiff, a long -term criticism of cryptography and an American securities broker, referred to a drop in potential rate until the end of this year.
However, he said that US President Donald Trump could replace the president of the Federal Reserve, Jerome Powell, with a “president of the Fed of the Shadow” to reduce interest rates earlier.
https://www.youtube.com/watch?v=oncke2v0aio
The FOMC’s next report is scheduled for Wednesday July 9 at 6:00 p.m. UTC. These files will probably provide more information to the public on how the Fed goes forward with interest rates. The FOMC meeting last month launched a sale of bitcoin due to lowering expectations within the community and investors.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Wahid analyzes and reports on the latest trends in the decentralized ecosystem since 2019. He has more than 4,000 articles in his name and his work has been presented on some of the main outlets, including Yahoo Finance, Investing.com, Cointelegraph and Benzinga. Apart from the reports, Wahid likes to connect the points between Defi and Macro on his newsletter, on Chain Moine.
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