Cryptocurrency The market has increased slightly in the last 2 days. bitcoin Its price is up 4% and is currently trading at $20,150. Ethereum Although it accelerates to 1370 dollars, it is traded at 1347 dollars.
Famous Analyst Explains The Reason For The Rise
However, experts believe that the crypto rally may not last long. CEO of Eight Global and Renowned crypto analyst Michael van de Poppebelieves that the US dollar is ready for a rally.
According to Poppe, a slight correction could be seen in the crypto market.
US unemployment data will be released on Friday. Michael Poppe believes the data could sound bad and have a bad effect on the market.
Despite the rise in the last day, the crypto market still shows a bearish trend.
The US Federal Reserve continues its hawkish stance despite global recession concerns.
The United Nations has asked global economies to abandon their aggressive stance.
However, it seems unlikely that the US Federal Reserve will comply.
FED’s stance will be clarified with the important speech of Atlanta Fed President Raphael Bostic today. Charles Evans of Chicago and Loretta Mester of Cleveland will speak on Thursday.
The CME Fed Watch tool expects another 75 basis points increase at the next Fed meeting.
*Not investment advice.
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