The Fed will announce its interest rate decision this week
According to CME Fed Watch data, the Fed will announce its interest rate decision at 2 a.m. EST on March 20. The market believes that the Fed has a 98% chance of keeping interest rates unchanged and only a 2% chance of a rate cut.
The U.S. long-term inflation expectations have reached a 30-year high for three consecutive months
The U.S. long-term inflation expectations index has remained at a 30-year high for the third consecutive month. Matthew Luzzetti of Deutsche Bank pointed out that unless there is significant weakness in the labor market, this will limit the Fed’s ability to ease policy.
SEC Commissioner Hester Peirce supports cryptocurrency “safe harbor” proposal
Hester Peirce, a member of the U.S. Securities and Exchange Commission (SEC), reiterated her support for the “safe harbor” proposal to promote crypto innovation. She emphasized in the interview that the SEC’s goal is to encourage information disclosure, not to let projects become daunted by law enforcement. She believes that clear guidelines can help innovators share information more confidently when there is regulatory uncertainty.
Bitcoin is about to enter a historically strong month
Analyst Timothy Peterson pointed out that Bitcoin is entering a historically strong “golden window” of April and October. Based on past seasonal trends, he predicts that Bitcoin prices could rise to $126,000 by June 1. This predicted price has more than 50% upside from Bitcoin’s current price ($82,967), and bullish sentiment is very strong in the coming months.
Bitcoin whales increased their holdings by more than 60,000 BTC in a week
On March 16, analyst Ali revealed that Bitcoin whales increased their holdings by more than 60,000 BTC in a week, showing strong bullish sentiment.
The current crypto market has short-term volatility and long-term opportunities
Ari Paul, founder of BlockTower Capital, pointed out that there is a significant difference between crypto traders who face short-term market uncertainty and developers who continue to remain optimistic. Despite the recent bearish sentiment among traders, crypto developers and businesses that do not rely on market cycles remain positive.
