As the Federal Open Market Committee (FOMC) convenes this week, both the cryptocurrency and housing markets are experiencing notable shifts, influenced by investor sentiment and macroeconomic factors.
šŖ Bitcoin: A Pause Before Potential Momentum
Bitcoin (BTC) is currently trading at approximately $94,496, reflecting a slight decline of 0.3% over the past 24 hours. This modest dip follows a period of strong performance, with BTC reaching new all-time highs above $106,000 earlier this year. Analysts suggest that this cooling off may be a healthy pause, paving the way for further gains .
Retail investors remain optimistic, with a significant increase in long positions on platforms like Binance. However, institutional investors have shown caution, as evidenced by recent outflows from Bitcoin ETFs .$BTC
The FOMC's upcoming decision is pivotal. While a 96% probability suggests rates will remain unchanged, any indication of future rate cuts could renew appetite for riskier assets like Bitcoin .
š U.S. Housing Market: Pressured by High Rates and Tariff Uncertainty
The housing market is facing challenges during its peak selling season. Mortgage rates have remained elevated, averaging 6.76%, deterring both prospective buyers and sellers. Many homeowners with lower locked-in rates are hesitant to move, leading to slower sales and longer listing times .Financial Times
Additionally, recent tariff policies have increased building material costs, raising expenses for homebuilders and contributing to rising home prices and renovation costs. Major homebuilders have reported reduced sales and adjusted forecasts downward, offering increasing incentives to offload inventory .#USHouseMarketStructureDraft
