at recent days FTX bankruptcy, followed by more crashes in the chain, made us somewhat forget the general framework in which the markets would move. to contribute to it Forgetting Also period grace From November, with Federal Open Market Committee Who will meet only in the middle Dec.
However, we think it is important to do so position point In the markets in general, since they will also move in that context BitcoinsAnd the Ethereum And in all likelihood the rest of the market alternativewhich will continue to have a high degree of association with BTC dollars.
There is some good news, and then there is some less good news, with the overall situation to continue to be watched. Those who, in view of what we are going to say and after considering the risks, want to take a position in the crypto markets (or even in other markets) can do so using Capital.com secure platform – Go here for a free virtual account with INFINITE TEST CAPITAL – to the broker who offers More than 476 crypto assets within the price list Thousands of stocks.
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Eyes on the Dollar: This is where the fate of Bitcoin and cryptocurrencies lies
The hangover lasted twenty years. A hangover during which many believed, perhaps lacking clarity, that the dominance of the dollar and the US economy in general could fail. Not so, not in this tour, to understand how that markets Still in trend Washington, DC Based on New York We have to keep watching. also for Bitcoins And to the world encryptionas long as they maintain their behavior risky assets You will be greatly influenced by the decisions he makes Federal Reserve.
Decisions that mainly concern b interest rates About which relatively little has been said in recent days, thanks to the fact that Federal Open Market Committeethe meeting that will decide the next price update in United States of America. The rates at which “low-cost” liquidity can reach the markets depend on the attractiveness of the dollar itself.
Inflation remains centered: The Fed’s concern
Despite reading the public statements at least, the federal poppies are relatively sure they have them now peak inflationMore increases will be required. The specified range, again between those stated, is between 5% and the 7% the last. Which means a tightening of at least 125 basis points.
Most likely you live a 2023 At these levels, in order to return to “lower” rates for the year 2024. A goal? Prevent inflation from becoming an integral part of the economy and return to levels as close as possible 2%. The truth is that feed it Softness for the coming year is still what everyone or almost everyone thinks They are waiting. This could lend an important hand to the entire investment sector.
A complex situation, but bitcoin and cryptocurrencies also suffer from something else
What we just saw above means there is no hope of ever seeing it again Bitcoins And the encryption More attractive price levels in the near future? No, it is not said at all. In fact, this sector has also discounted another black Swan With the crack that started from FTP extension is that it has already involved other important companies in this sector.
The price pressure is not limited to the uncertain situation on the macro side, at least in our opinion and that of different analysts. There are questions, somewhat justified skepticism, uncertainty about the actual extent of the infection and other concerns about holding various projects.
The situation that will inevitably turn out is not yet known, however, with the number of other corporate corpses cheerfully managing client funds. With the good news though: the protocols DeFi They keep going, they keep grinding transactions and ensuring some level of security for their clients.
Is JPMorgan wrong about this? we will see. They will calculate numbers, which are easy to pick up in the blockchain world. Central brokers that were created in the image and likeness of old finance are hard to put together in a less accessible world. No, the world of crypto and bitcoin is not dead. He’s just getting ready for the next battle.