Bitcoin $63,421 price At the time of writing, it is at $ 62,900 and altcoins have returned to neutral levels. BTC’s rise should continue above $ 63,000. At the time of writing, Fed member Bowman made statements containing his objections to the latest decision. So what is the latest situation specifically for ETH and PEPE Coin?
Fed Statements
Fed Bowman is one of those who objected to the decision to cut interest rates by 50bp with great support. According to him, the markets are 50bp interest rate reduction could interpret his decision as an early victory, which would make the Fed’s job more difficult. In his dissenting opinion, he showed that the Fed’s hawkish wing has assumed the balancing role.
“At this meeting, I agreed that a readjustment of the Fed rate was appropriate, but recommended a smaller initial move. We are not yet at our inflation target. I see the risk that the FOMC’s larger policy action could be interpreted as a premature declaration of victory on inflation. Such an approach would avoid unnecessarily fueling demand. The economy remains strong, and the labor market is near full employment. I believe that a measured pace toward a more neutral policy stance would allow for greater progress in returning inflation to the 2% target. My reading of the labor market data has been made more uncertain by measurement challenges and the difficulties in assessing the impact of immigration. I respect and appreciate my colleagues’ preference for a larger reduction, and I am committed to working with them to ensure that policy is appropriately positioned to achieve the dual mission objectives.”
Ethereum Price Dollar Prediction
The largest altcoin by market value ETH It continues to remain below the $2,823 resistance. Although it has turned from the bottom in the BTC and USD parity, it must attract strong demand in the first resistance area at $2,560. If it can be successful, it will rise to the key resistance before the rise and targets above $3,000 will be on the agenda again.
In the bearish scenario, sales are likely to accelerate at closes below $2,461, which would mean a bottom test of $2,264.
PEPE Coin Comment
Expected to be one of the bull’s favorite meme coins PEPE Coin has not yet started the turn. Although the sales above $0.00000825 reflect the potential for a return to $0.00000751, there is no need to be pessimistic for now as BTC is holding above $61,700. If a good upward movement supported by demand starts, $0.00000987 can be tested. Above this, targets of $0.00001278 and $0.00001688 will be on the agenda.
In the bearish scenario, support is again at $0.00000701.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
