The Fed's positive news and the trend of the crypto market
The Fed has been releasing positive news, and the Nasdaq has repeatedly hit new highs. The CPI data will be released at 20:30 tonight, and the expected value is 3.1%, which may be good news again. However, the crypto market has been suppressed and failed to rise synchronously.
Analysis and future trends
The Fed's positive news and the performance of the Nasdaq:
The Fed's favorable policies, such as low interest rates and quantitative easing, have driven the continued rise of the Nasdaq. This shows that investors are more confident in the macroeconomic environment, pushing the stock market higher.
Expected CPI data:
The expected CPI data is 3.1%, which, if in line with expectations, will further consolidate the market's confidence in the economic recovery. This should generally be good news for both the stock market and the crypto market.
Suppression of the crypto market:
Despite the good news, the crypto market has not been able to rise synchronously, which may be affected by many factors, including the German government's continued selling of BTC and overall market sentiment.
German government BTC selling:
The German government's large-scale BTC selling has put some selling pressure on the market, but the selling behavior seems to be coming to an end. This may mean that the selling pressure in the market will gradually ease, which is conducive to the recovery of BTC prices.
ETH spot ETF approval:
If the approval of Ethereum spot ETF is passed, it will become a major driving force for the market, attracting more institutional funds to enter and boosting market confidence.
Summary
The continued positive news from the Federal Reserve and the upcoming CPI data may bring positive sentiment to the market, but the crypto market is still suppressed.
