Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June Economics Bitcoin News

-Crypto traders appear to believe that yesterdays market-wide price surge was an anomaly, and the short celebration wont last.
-The collective market didnt paint a stable picture for digital assets to rally in the short term.
-Over 26,500 BTC worth of open interest was added to the market, but during the sell-off on Thursday, most of this open interest amounting to 25,000 BTC has been closed.
-The ‘implied dovish’ attitude released by the Fed did not affect the pessimistic expectations of investors in the futures market.
-A less than 4% premium signified a further deepening of bear market sentiment.
-Such a situation could create a ‘chaos’ or rather inject a sense of urgency within the crypto market.

image 2022 05 06 075659 Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June Economics Bitcoin News
Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June Economics Bitcoin News 2

Leave a Reply