CoinVoice recently learned that 10x Research has released a report stating that not every downturn 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 might take 1-2 years to return to the 2% inflation target, further reinforcing hawkish sentiment. The projections for the coming years are shocking, suggesting that interest rates could 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 been struggling, 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 may suppress global growth (and inflation). Meanwhile, a stronger dollar could put pressure on corporate earnings of U.S. companies. [Original link]
