🔍 According to the Fed's latest survey, only 7% of American adults hold or use crypto, a drop from previous years.

With 258 million adults in the US, that's around 18 million crypto users.

We're still early.

#FedSurveys #fed #usa #cryptoadoption #FEDDATA

Fed Faces Uncertainty as Markets Await Rate Guidance, Says BlackRock’s Rick Rieder

As the Federal Reserve gears up for its policy decision announcement on Wednesday, investors are closely monitoring the central bank's stance on interest rates. Amidst lingering concerns about inflation, Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, emphasizes the challenges the Fed faces in navigating the current economic landscape.

Rieder notes that investors are reassessing their expectations regarding when the Fed might begin to lower interest rates. He suggests that the "last mile" of combating inflation poses significant hurdles, contributing to this uncertainty.
The Fed's two-day policy meeting is underway, and Rieder highlights a cautious sentiment among some officials regarding rate cuts. This caution stems from observations of persistent inflationary pressures, particularly evident in the services sector of the U.S. economy.

As the world's largest asset manager, BlackRock's insights hold weight in financial markets. Rieder's remarks underscore the complexity of the Fed's decision-making process, emphasizing the need for a nuanced approach to monetary policy.

Market participants are eagerly awaiting Fed Chair Jerome Powell's press conference following the conclusion of the central bank's meeting. Powell's comments are expected to provide further clarity on the Fed's outlook for interest rates and its strategy for addressing inflationary pressures.
Overall, Rieder's observations highlight the delicate balance the Fed must strike as it seeks to support economic growth while managing inflation expectations.

The outcome of Wednesday's announcement and Powell's subsequent remarks will likely have significant implications for financial markets in the coming weeks.

#FED #FEDDATA #FEDDiscution #BTTC" #BTC

Bitcoin is maintaining stability around the $63,000 mark amidst slow trading conditions, largely attributed to the impending Federal Reserve meeting. Goldman Sachs predicts a rise in stocks, which bodes well for cryptocurrencies, despite the absence of anticipated interest rate cuts. However, Bitcoin spot ETF outflows and substantial cryptocurrency investment product outflows, totaling $435 million, reflect investor caution. Additionally, analysis of short-term holder realized price suggests a critical level at $59,800, with historical data indicating potential price rebounds or corrections based on proximity to this level. Moreover, heightened BTC miner activity, marked by significant Bitcoin transfers to spot exchanges, raises concerns about market imbalance and the potential for profit-taking among miners.

While Bitcoin's stability amid slow trading conditions and potential market imbalance is noteworthy, the analysis underscores the significance of various factors influencing its price dynamics. From impending Federal Reserve decisions to miner behavior and whale activity, the cryptocurrency market remains subject to intricate interplays that shape investor sentiment and price movements. Observations of stock market trends and institutional reports, alongside on-chain data analysis, provide valuable insights into the evolving landscape of cryptocurrency trading and investment.

#Bitcoin❗️ #FEDDATA #GoldManSachs #ETF✅

🔴Breaking News🔴

US FED Chair Jerome Powell says "Recent data shows lack of further progress on inflation."🤦🏻

That's the first event of this week, hopefully the next coming Events to watch would be more positive. Let's see if this would not positively affect the $BTC price as well as the market, usually the FED report doesn't make a big impact unless there is a change of interest rates.

#FEDDATA #BTC #BullorBear #bitcoinhalving