CoinVoice has recently learned that 10x Research released a report stating that not every drop presents a buying opportunity.
It indicates that while we expect Fed Chairman Powell's tone to be somewhat hawkish, the Fed's updated median interest rate forecast has unsettled the markets, predicting rate hikes not only in 2025 but also in 2026 and 2027. Powell hinted that it may take 1-2 years to return to the 2% inflation target, which further reinforces the hawkish sentiment. The predictions for the following years are shocking, suggesting that interest rates may remain elevated for a prolonged period.
Stocks fell by 3%, and Bitcoin dropped by 4%. Due to a lack of retail trading activity, altcoins have struggled, suffering even greater losses, with many altcoins plummeting by 10% or more. While the impact of Trump's policies remains speculative, weak demand from European economies and China could suppress global growth (and inflation). Meanwhile, a stronger dollar may put pressure on corporate earnings for U.S. companies. [Original link]
