Powell's rhetoric:
The level of uncertainty is decreasing; we may soon come to a point where rates need to be lowered. But for now, we need to wait for the effects of tariffs. This will manifest as rising prices and increasing inflation.
The Fed allows for a rate cut twice this year.
That is, Powell attributes everything to tariffs.
Trump's rhetoric - Powell is a brake, it's time to lower rates.
Stock markets down (not significantly for now), dollar index up and already above 99.
Geopolitics is the main topic - will there be a US attack on Iran, or negotiations?
There are arguments in favor of both options. I think the situation will clarify before the weekend.
At the same time, the news background in the crypto market is positive - corporate purchases are increasing, and most importantly, two important bills have been practically adopted.
- Genius Act - about stablecoins that can significantly increase their capitalization. And this is fuel for the crypto market.
- The second bill - SLR - concerns the easing of financial requirements for banks. This is essentially a release of liquidity that will be injected into the markets.
Few understand how this will affect the crypto market in the medium term.
Achieving investment goals and fulfilling plans becomes even more inevitable.
But what about right now?
If the US does not get involved in Iran - most likely, Bitcoin will remain in the previous range of 103000-108000 and will soon break out of it upwards. The next target is to consolidate above 110K, a new ATH for Bitcoin, achieving the first targets for Ethereum and Solana.
If the US gets involved in another war (there are some signs of this, in particular, the movement of aircraft carriers and the formation of AUS from 3 AUG) - a temporary drop of Bitcoin to 102000-100000 is possible. But this scenario should also be perceived as an opportunity.
"TAKEN FROM THE MAIN CRYPTO CHANNEL"
