Declining Fed fear and ETF messages provided support-an outlook on a busy day

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Von: Krypto News Österreich

Nachdem die Federal Reserve (Fed) ihre zinspolitischen Beschlüsse für diesen Monat bekannt gegeben hat, scheint sich die Angst vor strafferen Maßnahmen der US-Zentralbank allmählich zu verringern. In Kombination mit ETF-bezogenen Nachrichten hat dies die Unterstützung für Bitcoin (BTC) verstärkt. Am Dienstag gab die Cboe bekannt, dass sie erneut Anträge für fünf Bitcoin-Exchange-Traded Funds (ETFs) eingereicht hat. Diese Nachrichten haben bei Investoren und Krypto-Enthusiasten die Hoffnung auf eine erhöhte Adaption von Kryptowährungen geweckt. Der Mittwoch verspricht eine geschäftigere Sitzung zu werden. Der US-Verbraucherpreisindex-Bericht (VPI) wird am Nachmittag veröffentlicht und wird voraussichtlich im Mittelpunkt des Interesses stehen. Ein stärker als erwarteter Anstieg …
After the Federal Reserve (FED) has announced its interest-political decisions for this month, the fear of tighter measures by the US Central Bank seems to be gradually reduced. In combination with ETF-related news, this has strengthened support for Bitcoin (BTC). On Tuesday, the CBOE announced that it once again submitted applications for five Bitcoin Exchange-Traded Funds (ETFs). This news has aroused hope of increased adaptation of cryptocurrencies among investors and crypto enthusiasts. Wednesday promises to become a more busy meeting. The US consumer price index report (VPI) will be published in the afternoon and is expected to be the focus of interest. A stronger increase than expected… (Symbolbild/KNAT)

After the Federal Reserve (FED) has announced its interest-politic decisions for this month, the fear of tighter measures by the US Central Bank seems to be gradually reduced. In combination with ETF-related news, this has reinforced support for Bitcoin (BTC).

On Tuesday, the CBOE announced that it once again submitted applications for five Bitcoin Exchange Traded Funds (ETFs). This news has aroused hope of increased adaptation of cryptocurrencies in investors and crypto enthusiasts.

Wednesday promises to become a more busy session. The US consumer price index report (VPI) will be published in the afternoon and is expected to be the focus of interest. A stronger than expected increase in inflation could fuel the bet on a more restrictive interest rate policy of the FED in September and lead to a first interest rate increase only in 2024.

On the other hand, a weaker inflation could support the optimistic mood in the markets, since investors hope for an end to the monetary policy tightening cycle.

In addition to the US economic calendar, investors should also keep an eye on the ETF messages. In particular, reports related to Binance and the legal dispute between the Securities and Exchange Commission (Sec) and Ripple could influence the market.

Overall, Tuesday was a quiet session in which the missing US economic indicators from Monday were still effective. However, the support for Bitcoin was strengthened by the new ETF applications of the CBOE. Now the focus is on the US VPI report and other ETF messages that could influence the market.

It remains to be seen how the market will develop in the further course and whether the support for Bitcoin continues. Investors will look forward to the upcoming developments and decisions of the Fed in order to adapt investment strategies accordingly.