XRP trades at $1.06, down 2.9% in 24 hours, with high derivatives open interest ($2.43B) outpacing spot volume ($361M), making the market fragile. Bitcoin's direction post-Fed meeting will heavily influence XRP's outcome, with key support at $1.05 and $1.00.
Bitcoin trades near $65,978, below the short-term holder cost basis of $69,000, as markets anticipate the Federal Reserve's July 28-29 meeting. Weak labor data and slowing core CPI suggest a less restrictive Fed, but rising oil prices and Treasury yields add complexity, making Bitcoin's rally conditional on the Fed's stance.
Despite media concerns over potential Federal Reserve interest rate hikes, this analysis argues that modest increases (e.g., 25 basis points) will not significantly alter borrowing, investment, or hiring decisions for most established small businesses or impact consumer spending, citing stable capital markets and resilient economic indicators.
Bitcoin (BTC) surpassed $63,000 on Friday as markets reacted to geopolitical shifts and a hawkish US Federal Reserve. Tensions between the US and Iran resurfaced, impacting the Strait of Hormuz oil route, while traders consider the possibility of a "black swan" event in the current Bitcoin bear market.
Treasury yields saw minimal movement Thursday following a significant jump Wednesday after Kevin Warsh's initial Federal Reserve meeting as chair. The Fed maintained its benchmark rate but signaled a more hawkish stance, removing language on future rate cuts. Warsh abstained from submitting a rate forecast, opting instead to form task forces.
A hawkish stance from the Federal Reserve, signaled by updated rate projections and commentary from Chair Kevin Warsh, led to a sharp market reaction, with crypto majors falling 1%. Illinois became the first state to pass a direct crypto tax, a 0.2% levy on digital asset transactions set to take effect in 2027.
Treasury yields showed mixed movement Thursday after Kevin Warsh's initial Federal Reserve meeting. The 10-year yield was flat, the 2-year rose, and the 30-year fell. The Fed held rates steady, signaling potential future hikes and removing language favoring cuts, bolstering market confidence in Warsh's approach to inflation.
Kevin Warsh's first Fed meeting introduced policy uncertainty, while a potential Iran-U.S. deal eased Middle East tensions and dropped oil prices. Tech leaders called for AI rules, and SpaceX expanded its board.
US Treasury yields saw minimal change on Wednesday as markets awaited the Federal Reserve's policy meeting, the first under new Chair Kevin Warsh. Investors anticipate interest rates will remain unchanged, but are keen to observe Warsh's communication style and potential views on future policy.
US Treasury yields edged higher Wednesday as investors awaited the first Fed policy meeting under new Chair Kevin Warsh. While rates are expected to hold steady, focus is on Warsh's communication and potential dovish signals, contrasting with 8 years under Jerome Powell. UK inflation eased slightly, causing gilt yields to fall.
South Korean stocks extended their winning streak for a fifth consecutive session on Wednesday, driven by strong performance in the semiconductor sector, pushing the KOSPI to a new high. Investors, however, remained cautious ahead of the U.S. Federal Reserve's rate-setting meeting.
South Korean stocks rose for a fifth consecutive session, driven by semiconductors, nearing the 9,000-point mark. Investors remain cautious ahead of the U.S. Federal Reserve's rate decision, while a new state-run investment firm is set to launch.
South Korean stocks rose for the fifth straight session, driven by semiconductors, as investors awaited the U.S. Federal Reserve's rate decision. The KOSPI index neared 9,000 points, buoyed by retail and institutional buying amid a 'risk-on' sentiment following a U.S.-Iran peace agreement.
US Treasury yields declined Tuesday as the Federal Reserve's policy meeting started. Easing inflation expectations and a provisional peace agreement between Washington and Tehran contributed to the drop in yields, with the 10-year note falling over 4 basis points.
US Treasury yields remained largely unchanged Tuesday as the Federal Reserve commenced its policy meeting. Expectations for inflation and interest rate hikes have eased, partly due to a provisional peace agreement between Washington and Tehran, potentially reopening the Strait of Hormuz.
US Treasury yields remained largely unchanged on Tuesday as investors anticipate the Federal Reserve's policy meeting. Expectations for inflation and interest rate hikes are easing, partly due to a provisional peace agreement between Washington and Tehran that could reopen the Strait of Hormuz.
Kevin Warsh's first Federal Reserve meeting as chairman is expected to yield no rate changes, with respondents anticipating no cuts through 2027. While Warsh is seen as dovish, the committee is hawkish, and inflation concerns persist.
US Treasury yields declined Tuesday ahead of the Federal Reserve's policy meeting, with easing inflation and interest rate hike expectations. A provisional peace agreement between Washington and Tehran also contributed to the fall.
Gold prices may rise short-term as oil eases, but the US Federal Reserve meeting is crucial. A US-Iran deal on the Strait of Hormuz eased oil prices, boosting gold, though geopolitical details remain. India's gold imports fell due to duty hikes.
Bitcoin surged past $65,000, recovering from recent selling pressure. A US-Iran peace deal, mediated by Pakistan and set for signing June 19, eased geopolitical tensions, leading to falling oil prices and rising crypto markets. ETF outflows also slowed, indicating reduced forced selling.
This week's shortened trading schedule focuses on potential Iran peace deal, the Federal Reserve's first meeting under Chair Kevin Warsh, and key economic data including retail sales and housing starts. Market sentiment is heavily influenced by the Iran conflict and its impact on oil prices and inflation.
New Fed Chair Kevin Warsh is poised to overhaul the central bank's communication strategy, potentially reducing the frequency of press conferences and signals about interest rates. This shift, aimed at reducing market dependence on 'Fed speak,' has created uncertainty among economists and market participants.
Bitcoin price action remained weak as the US-Iran war delivered a Fed meeting that was the "most hawkish in years" and oil neared four-year highs.
Jim Cramer previews a pivotal market day with the Federal Reserve expected to hold interest rates followed by Chair Powell's news conference, then major tech earnings from Alphabet, Amazon, Meta, and Microsoft. Also covering Seagate's strong quarter driven by AI demand, Starbucks' turnaround progress, Robinhood's crypto-related miss, Visa's resilient consumer spending, and Biogen's Leqembi growth.
