“A Crypto Rally to New Highs May have to wait Until Later this year, Said Coinbase Institutional’s Head of Research.”, – WRITE: www.coindesk.com
Solana Also Edged 3% Higher in Line with The Broader Market, As The First Day of Sol Futures Trading on Institutional-Focused Marketplace cme Failed to make a Different.
Ethena’s Governance Token (ENA) Rallied 7% on the News of Developing A Propriotary Blockchain with Tokenized Asset Issuer Securitize, Aiming to Connect Decentralized Finition.
Key US Stock Indexes Extending their Bounnce Into this Week Gave a Favorable Backdrop for Risk Assets. However, Lmax Group Strategist Joel Kruger Warned that the MONTHLY S & P500 CHART SUGGESTS A SUSTAINED CORRECTION FOR US EQUITIES, WHICH COURKULD WEGHh on Cryptocurrencies.
“WHEN WE CONSIDER The STATE OF GLOBAL TRADE TENSION AND CONCERNS AROUND A SLOWDOWN IN THE US ECONOMY, ALL AT AT A TIME WHEN IT’S INCREASINGly UNCERTAIN HOW MUCH MOREMODation The Fed Cance Stocks Could Fall Further, “Kruger Said.
He Noted There’s a potential for a Lower Low for Btc to Revisit the 2024 March Peak AT $ 73,000- $ 74,000.
The Market Near-Universally Expects The Fed to Kep Rates Unchanged Durying This Week’s Federal Open Market Committee’s Meeting, But Investors Should Keep An Eye Balan Balan. or quantitative tightling (Qt) Program, Said David Duong, Head of Research at Coinbase Institutional.
“We THINK The FED MIGHT PAUUSE OR ENT ITS QT PROGRAM THIS WEEK, AS BANK Reserve Levels Are Near The 10-11% of GDP Levels That Commonly Concedered Sufficient. Monday Report.
He Said the Recent Crypto Selloff Was Largely Due to Macro Concerns and Deterioringing Liquidity Conditions, Which Could Turn for the Better During the Next Quarter, Providing Tainer Tainer Ta. “Crypto Prices Could Find their Bottom in the Next Few Weeks Before Rebounding to New Highs Later This Year,” He Concluded.
X Icon
