The United States Federal Reserve Chair Jerome Powell is expected to announce the results of the two-day policy meeting later today. Investors around the world are waiting for Powell’s announcement with bated breath.
The Fed has kept benchmark interest rates unchanged since December 2024 amid rising global uncertainty caused by slowing economic growth, uncertainty due to tariffs, and escalating trade tensions.
Husky Inu Closes In On $750,000
Husky Inu’s (HINU) pre-launch phase began on April 1, with the token price at $0.00015000. Since then, the token has registered several price increases, thanks to the introduction of a dynamic pricing system. The latest price increase has taken the token price to $0.00017175. The pre-launch phase has been a resounding success, allowing the project to raise $748,708. Surging interest in the project has seen investors continue to purchase the HINU token despite price increases.
The pre-launch phase is the next strategic step in the Husky Inu roadmap, designed to raise additional capital to fund ongoing development, platform improvements, marketing initiatives, and broader ecosystem expansion.
Bitcoin (BTC) Rallies Ahead Of FOMC Announcement
Bitcoin (BTC) has rallied this week as it rebounds after finishing the weekend in bearish territory. The price raced to an intraday high of $98,000 after registering a substantial increase a day prior. However, the flagship cryptocurrency lost momentum after reaching this level and fell 0.98% on Saturday, settling at $95,988. Bearish sentiment intensified on Sunday as the price fell 1.66%, slipping below $95,000 and settling at $94,390. Despite the bearish weekend, BTC started the weekend positively, rising 0.41% to $94,773. Bullish sentiment intensified on Tuesday as the price rose over 2%, surging past $96,000 and settling at $96,845. The current session sees BTC trading at $97,070 as it eyes a push towards $100,000.
Alankar Saxena, co-founder and CTO of Mudrex stated that while a rate cut is unlikely, quantitative easing could inject fresh liquidity into risk assets like Bitcoin and other cryptocurrencies.
“While a rate cut remains unlikely, any move toward quantitative easing could inject fresh liquidity into the market, further supporting risk assets like crypto. If BTC breaks the resistance at $97,900, a decisive move above the $100,000 mark is possible, with support standing at $93,700.”
Crypto Market Expected To Rise
According to CoinDCX, the crypto market could see an increase over the next few days, with analysts confident the US will sign trade deals with various nations.
“The US is expected to sign deals with various nations, including India, China, the UK, and a few more, which is expected to ease the traditional as well as the crypto markets. The UK has ruled out forming a national Bitcoin reserve as it feels it is not appropriate for their market. Besides, Binance founder CZ predicts the BTC price could top between $500,000 and $1 million this cycle.”
Visit the following links for more information on Husky Inu:
Website: Husky Inu Official Website
Twitter: Husky Inu Twitter
Telegram: Husky Inu Telegram
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
