Kategorie: Bitcoin News

• FOMC expected to hold rates at 4.25%–4.50%, CME tool shows 95.6% odds.
• Swissblock flags $97K–$98.5K as key resistance zone.
• Powell’s comments could tilt Bitcoin towards breakout or correction.

Bitcoin is trading just below $94,000 as investors prepare for Wednesday’s Federal Open Market Committee (FOMC) meeting and Jerome Powell’s post-meeting press conference.

Source: CoinMarketCap

The Fed is widely expected to keep its benchmark interest rate steady at 4.25%–4.50%, with CME FedWatch Tool data showing a 95.6% probability of a rate hold.

Despite this consensus, traders are bracing for volatility triggered by Powell’s comments on the economic outlook, inflation, and rate trajectory, which could sway risk sentiment across digital assets.

Market participants are especially focused on forward guidance, as recent economic data and geopolitical tensions have clouded expectations for rate cuts later this year.

Trading volume dips, ETF inflows slow ahead of Fed event

Bitcoin’s recent sideways movement reflects a cautious market mood.

ETF inflows have cooled, and leverage appears to be winding down as traders await clarity.

Analysts at Swissblock describe the environment as a “battle of resistance” and note that high open interest and negative funding rates point to intensified bearish bets.

They flag the $97,000–$98,500 range as a critical resistance zone.

A break above could trigger short liquidations, but a failed rally might trap bullish traders if momentum fades.

Liquidation data also supports this tension. As price hovers within a tight range, derivatives traders appear to be betting on a volatile move in either direction.

Risk appetite has cooled, but significant positioning remains open, suggesting market participants are preparing for a breakout or breakdown, depending on Powell’s tone.

Powell’s guidance could determine market direction

While no change in rates is expected this week, traders are looking for hints on the Fed’s stance for June and beyond.

In previous meetings, Powell’s words have caused major swings in crypto markets.

December 2023 saw a hawkish turn that led to a broad sell-off in risk assets, and some fear that a repeat could materialise if Powell signals further tightening or ignores recent signs of economic slowdown.

Market sentiment has been dampened by soft GDP data and renewed trade tensions with China.

The impact of President Donald Trump’s recent tariff rhetoric has raised concerns that rate cuts previously expected in June may now be delayed.

Veteran trader Mathew Dixon noted that expectations for a June cut have already flipped to a hold, further pressuring sentiment.

Gold’s recent rally is also seen as a sign of risk-off positioning. According to analysts, this suggests investors are hedging against potential shocks from the Fed’s announcement.

Bitcoin price action hinges on macro signals

Bitcoin is currently consolidating near local support as traders weigh macroeconomic uncertainty.

Degens, or high-risk crypto traders, are reportedly building long positions, anticipating a price move.

However, some analysts warn that market makers may push prices lower to trigger stop losses before a potential upside.

Swissblock’s analysis supports this view, suggesting that any breakout could be preceded by a final liquidity sweep.

Historical data offers mixed signals. Three of the last five FOMC announcements have coincided with Bitcoin rallies, but this week’s event is clouded by more complex macro conditions.

The unresolved US-China tensions, weaker consumer demand, and political pressure around inflation all weigh heavily on market sentiment.

BitMEX co-founder Arthur Hayes has previously argued that a shift back to quantitative easing could ignite a parabolic Bitcoin rally.

But in the absence of dovish signals, Bitcoin could retest recent lows in a sharp pullback.

With no clear catalyst either way, the market remains delicately balanced, awaiting Powell’s next move.

The post Bitcoin traders brace for FOMC meeting as volatility looms appeared first on CoinJournal.

Bitcoin’s dominance is undeniable with CMC’s altcoin season index substantiating the Bitcoin season at a level of 21. However, meme coins are making a comeback and investors are on the lookout for fresh projects promising hefty returns from little investments. The attention is particularly on new entrants whose foundation is more than just a viral joke. 

One such meme crypto is CartelFi. It enables investors to earn passive income without compromising on the asset’s upside potential. 

What’s more, even before the highly anticipated launch in Q3, early adopters are already earning big during its presale. With every 3-day stage, CARTFI token price surges by 5%. By the end of the 90-days period, the project will have transformed several retail investors into crypto millionaires.    

Bitcoin price analysis: Neutral market sentiment creates hurdle on the path to $100,000

A surge in institutional demand bolstered the bitcoin price to a two-month high on Friday. However, it has since pulled back as investors remain concerned over US-China trade tensions and the persistent macroeconomic uncertainties. Compared to last week’s greed level of 63, the crypto fear & greed index is at a neutral zone of 53.

Data released by SoSoValue showed that only one out of the top 12 US BTC spot ETFs recorded daily net inflow on Friday. BlackRock’s IBIT recorded $674.91 million in the day’s net inflows while the other leading ETFs reported zero flows. 

In the immediate term, the bulls are keen on defending the support at $96,050. Success at bouncing off that support level will avail a chance to break the resistance at $97,797 with the next target being the psychologically crucial zone of $100,000. On the flip side, a further pullback would have the bears eyeing $92,745.

 

CartelFi rewards early adopters during the presale and beyond 

CartelFi hit the ground running, raising over $500,000 in the first 24 hours of its presale. Notably, it has maintained the upside momentum despite the external chaos that have impacted the broader crypto market. 

Less than 4 weeks into its launch, it has raised over $1.5 million. What started at a token price of $0.0251 is currently at $0.0408; rising by 5% every 72-hours stage.

In addition to the opportunity to earn hefty cumulative gains during the presale, the project’s attractiveness has been enhanced by its concept of yield farming. Under the current DeFi structure, meme coins “lie idle” in between rallies. To enjoy yields, an investor would have to sell some tokens; missing out on a potential rally.

CartelFi is solving this inefficiency by having an investor’s preferred meme coins work for them. Subsequently, one enjoys yields of upto 10,000% while still retaining the asset’s speculative upside. 

Additionally, CartelFi’s programmed scarcity enhances its attractiveness and growth potential. 100% of the fees generated by the platform once users deposit their meme coins are used to buy back and burn CARTFI tokens. This ensures that the total supply remains low; sustaining its upside momentum. Find out how to buy CartelFi here.

Solana price readies for a rally with a key bullish pattern underway

Solana price has been hovering around the crucial zone of $150 for over a week after rebounding from the 14-month low hit in early April. While the sentiment in the broader crypto market has improved, investors are still concerned about Trump’s aggressive tariffs and their impact on the economy. 

Even so, as meme coins make a comeback, Solana is set to benefit big from its positioning in the DeFi space. Subsequently, Solana price may continue to enjoy solid support at $140.

Indeed, this has become a point of convergence for the 25 and 50-day EMAs; signaling the formation of a bullish golden cross pattern. On the upside, $160 remains a resistance level worth watching. 

The post Bitcoin dominance rises, Solana prepares a surge as CartelFi surges appeared first on CoinJournal.