US Fed interest rate preview: Two scenarios for Bitcoin and Ethereum prices

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Bitcoin price rallied throughout October 2023, marking another profitable month for BTC holders.

Bitcoin and Ethereum prices are close to key psychological levels, $34,400 and $1,800, ahead of the Federal Reserve’s interest rate decision. Cryptocurrencies in the top 10by market capitalization noted an increase in their prices in the week leading up to the Fed’s decision. Traders foresee a 98.2% probability that the US Federal Reserve will leave interest rates unchanged on Wednesday.

The SEC’s decision could therefore influence BTC price directly, as opposed to unchanged interest rates. Scenario 2: US Fed cuts interest rates Market participants believe that there is a 1.8% probability of an interest rate cut. In the event of a rate cut, risk assets like Bitcoin and altcoins are expected to rally. Typically, a rate cut makes it cheaper to borrow funds and engage in leveraging risk assets like Bitcoin for gains.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CoinDesk: Bitcoin, Ethereum, Crypto News and Price DataLeader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates.
Source: CoinDesk - 🏆 291. / 63 Read more »

XRP, BTC and SOL Funds See More Inflows; Why Is ETH Being Left Behind?Bitcoin, Solana and other digital assets witness significant inflows, yet Ethereum remains in slump
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin Prices Hold Gains as Analysts Turn More Bullish on EthereumAnalysts say the technical market backdrop for Ether, the second-largest crypto, has turned positive in the wake of Bitcoin's big rally.
Source: MarketWatch - 🏆 3. / 97 Read more »

Bitcoin Eyes ‘Golden Cross’ Ahead of Fed, Key Economic Data: What Lies Ahead?Market Analysis by Investing.com (Günay Caymaz) covering: BTC/USD, Bitcoin Futures CME, Bitcoin, ETH/USD. Read Investing.com (Günay Caymaz)'s Market Analysis on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Ethereum Price Prediction: ETH needs to hold these key levels to revisit $2,000Ethereum (ETH) price is in a good position after last week’s rally. But things are not a given, as bulls need to defend a few key levels before they’r
Source: FXStreetNews - 🏆 14. / 72 Read more »