Financial markets are closely monitoring the upcoming Federal Reserve interest rate decision, with traders pricing in a nearly 33% probability of an unexpected rate increase during one of the most uncertain FOMC meetings in recent years. #Fed #FOMC #Crypto $BTC
The global business cycle has turned upward for the first time since 2020. Historically, previous macroeconomic pivots of this nature coincided with major growth cycles for Bitcoin ($BTC ):
• 2012: Increased from $13 to $1,150 • 2016: Increased from $650 to $19,700 • 2020: Increased from $9,000 to $70,000
TradFi perpetual open interest has doubled to exceed $2 billion since May, according to data from a CryptoQuant analyst. Binance currently accounts for approximately 35% of the combined open interest across both crypto and TradFi perpetual contracts.
Bitcoin ($BTC ) is currently undergoing an extended period of consolidation, with the duration of its sideways price movement matching previous historical cycles. Historically, this technical pattern resulted in a temporary relief rally followed by a decline to lower support levels, making the impending price movement critical for establishing the market's next directional trend.
The $BTC to $GOLD ratio has returned to a key historical horizontal level. Historically, a decisive breakout above this zone has signaled major upward momentum for the ratio, potentially indicating a period where Bitcoin resumes outperforming gold.
Ethereum ($ETH ) is demonstrating strong upward momentum, continuing to advance past a critical breakout level above its downtrend resistance and presenting a solid technical structure.
US Senators Gallego and Tillis are finalizing the text for a Democratic counterproposal on the CLARITY Act, with plans to submit it to the White House within the next few days, according to POLITICO.
The macro business cycle has turned upward for the first time since 2020. Historically, similar economic pivots have preceded major growth phases for Bitcoin ($BTC ):
• 2012: $13 to $1,150 • 2016: $650 to $19,700 • 2020: $9,000 to $70,000
Crypto funding rates are currently ranging between negative and neutral levels, reflecting market stagnation as traders await increased volatility and clear directional movement.
Ethereum has surpassed 200 million non-empty wallets for the first time, signaling sustained cryptocurrency adoption despite sideways market conditions.
Retail investor risk appetite has surged to near-record levels. On a 20-day moving average basis, call options on major U.S. technology stocks now account for approximately 55% of all new options positions opened by retail traders.
The U.S. Consumer Technology Association has officially backed the CLARITY Act, urging the Senate to prioritize its consideration to ensure American competitiveness in blockchain and digital asset technologies.
$ETH maintains strong upward momentum, driving broader cryptocurrency market gains. Having reclaimed the 0.03 level against Bitcoin, Ethereum is projected to surpass $2,000 in the near term, with recent price pullbacks offering strategic accumulation opportunities.