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🇺🇸Fed leaves rates unchanged. All eyes now on powells speech.
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SUMMARY OF FED CHAIR POWELL'S COMMENTS (6/18/25): 1. Will likely get to a place where rate cuts are appropriate 2. Fed will make “smarter” decisions if they wait a couple of months 3. Fed expects “meaningful” amount of inflation in coming months 4. Unemployment remains in a “reasonable” place 5. It will take time to see how large inflation effects will be 6. Fed’s inflation forecast for this year is higher due to tariffs This Fed meeting is the definition of a “Fed pause.”
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#Altcoins $BTC Dominance looks very bearish on higher timeframe. It has been in an ascending broadening wedge pattern for 2 YEARS now. Think about it. $BTC D down = Altcoins up.
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The Most Important Event This Week On June 18th, the FOMC (Federal Reserve) will announce its decision about interest rates. Right now, the market is almost sure (97.5% chance) that there will be no rate cut. But the main thing to watch is not the rate decision it’s the press conference by Jerome Powell that happens right after. Because of the ongoing tension between Iran and Israel, many people believe oil prices could reach $100 this year. If oil gets expensive, inflation might rise again. That could cause the Fed to delay any future rate cuts. But if there’s peace talk or positive news before the FOMC meeting, the Fed might give a signal that rate cuts are coming soon. If that happens, the market could go up, and altcoins might pump. If not, it could turn into a dump only event like black swan ( BTC might Hit 93K - 95K ) On sharp Dump, $BTC $ETH $BNB
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U.S. President Donald Trump’s open threat to kill the Iranian Supreme Leader: We know where the so-called Supreme Leader is hiding. He is an easy target but has been safe so far. We do not want to kill him — at least not yet. We don’t want missiles to fall on civilians or American soldiers, but our patience is wearing thin.” — Donald Trump
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🔥 Holding BTC? Start Earning with Binance’s New On-Chain Yield via Solv
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