The number of traders expecting a rate cut at the March Federal Open Market Committee meeting rose following fears of a hawkish Fed nominee. The number of traders expecting an interest rate cut at the March Federal Open Market Committee (FOMC) meeting has risen to 23%, following investor fears of a hawkish stance from Kevin Warsh, US President Donald Trump’s Federal Reserve chair nominee. Investors and traders forecasting a rate cut surged by nearly 5% from Friday, when only 18.4% signaled they were expecting an interest rate cut, according to data from the Chicago Mercantile Exchange (CME) Group. Those anticipating a rate cut in March forecast a 25 basis point (BPS) cut, with no investors expecting a rate cut of 50 BPS or more. Read more
Bitcoin disappointed with an apparent failed breakout above $90,000 after gold soared to fresh highs and US dollar strength nosedived. Bitcoin (BTC) attempted a rebound past $90,000 at Wednesday’s Wall Street open as markets awaited US macro cues. Key points: Bitcoin struggles to hold a $90,000 uptick as gold surges and US dollar strength crumbles. Read more
Bitcoin price traded below $90,000 as investors braced for Jerome Powell’s post-FOMC speech that could trigger volatile swings toward key BTC price levels. Bitcoin (BTC) is attempting to break the resistance at $90,000 on Wednesday, as traders expect volatile price swings before and after the US policy decision on interest rate cuts. Key takeaways: The odds of the US Federal Reserve leaving interest rates unchanged today are 100%. Read more
Bitcoin remains volatile ahead of the FOMC, with big overhead resistance at $94,000 in place and several key support levels below. Bitcoin’s (BTC) price failed in another attempt to break above resistance at $94,000 on Tuesday as volatility hit the market ahead of the Fed rate cut decision on Wednesday. Key takeaways: The odds of a 25 bps cut on Wednesday now stand at 96%, according to Polymarket. Read more
Analysts say the crypto market has already priced in Wednesday's interest rate cut, but the Federal Reserve remains divided on an additional cut in December. The Federal Reserve Open Market Committee (FOMC) announced a 25 basis point interest rate cut on Wednesday, bringing the target Federal Funds rate down to 3.75%-4%. Wednesday’s rate cut was “fully priced in” by investors, who widely anticipated the decision, according to Matt Mena, a market analyst at investment company 21Shares. Mena also forecast: Asset prices remained flat or fell by modest amounts on Wednesday following the FOMC decision, with the price of Bitcoin (BTC) falling by about 2.4% at the time of writing, following Federal Reserve Chair Jerome Powell’s comments signaling that FOMC members are divided on a December rate cut. Read more
Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus. US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025. At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said: Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027. Read more
Bitcoin futures open interest dropped by $2 billion ahead of this week’s FOMC, but the Coinbase premium index shows traders are determined to defend the $115,000 price level. Key takeaways: Bitcoin futures open interest fell $2 billion in five days, signaling cautious futures traders. Binance taker volume averages cycle lows as the market waits for Fed’s interest rate decision. Read more
Bitcoin is in no mood to party into the FOMC rate-cut decision while stocks and gold outperform to start a key macro trading week. Key points: Bitcoin diverges from stocks and gold to see daily losses of 2% to start the week. Analysis hopes that the upcoming Federal Reserve interest-rate decision will provide a BTC price boost. Read more
Traders cut risk ahead of Wednesday’s Federal Reserve decision on interest rates, and a long-awaited crypto policy report from the White House. Key points: Bitcoin’s price compression and the Bollinger Bands suggest a range expansion will occur soon. This week’s early price weakness is likely the result of traders cutting risk ahead of Wednesday’s FOMC and a White House update on its crypto policy and Bitcoin strategic reserve. Read more
Trump offers light relief for Bitcoin price action while calling Fed Chair Jerome Powell a "stupid person" with interest-rate cut hopes absent. Key points: Bitcoin sees light relief as US President Trump reveals that Iran had been in touch. Trump calls Fed Chair Jerome Powell “stupid” as markets see no chance of an interest-rate cut at the June 18 FOMC meeting. Read more