US central bankThe limiting monetary policy of the (FED) and the intensification of the Israeli-Iran war Bitcoin (BTC) $105,662.15 And it puts pressure on other crypto coins. However, some analysts predict that the market can be largely recovered in the second half of the year. While the FED is expected to leave the interest constant today, market participants are waiting for the statements of President Jerome Powell for the future clues. The geopolitical uncertainty in the Middle East adversely affects short -term risk appetite.
Crypto currencies under the FED interest rate decision and the pressure of the war in the Middle East
FedThere are strong expectations that it will not change interest today. However, futures markets envisage only one or two interest rate cuts by the end of the year. The prescribed interest rate cut was three or four at the beginning of the year. Investors are also worried that monetary policy may remain restrictive for longer due to inflation that customs duties can trigger. This is also risky assets crypto currencyThe demand for Lara is suppressing.
Brn Chief Research Analyst Valentin FournierHe warned that the increasing volatility may further reduce the price of Bitcoin due to the fact that the FED continued to keep the interest constant and the tension between Israel and Iran. Fournier added that this uncertainty has recently slowed down the entrances of funds to ETFs. Fournier, the continuation of limiting monetary policy, the slowing of funds to ETFs and the increasing geopolitical risks combination of short -term momentum turned into negative, ”he said.
“The market, Fed’s future interest He carefully follows his attitude towards discounts. This may determine whether the current decrease will deepen or find support, Four Fournier said, “Considering this uncertain background and positioning just below the previous peaks, we reduce the risk. In the coming period, the market will probably be wavy and any deterioration in geopolitical appearance can trigger more harsh decreases ”.
Recovering in the second half of the year is expected
Last week, Bitcoin declined below 103,000 dollars after Israel’s air attack on Iran. Since then, the tension has climbed further, and the largest crypto currency is currently trading about $ 105,000.
Ethereum (ETH) 
$2,547.36, XRP And Solana (Left) leading Altcoins, such as (left), also has a downward trend. Despite the current table 21shares crypto research strategist Matt Mena optimistic. Mena thinks that if the Fed makes a first interest rate reduction in September, the table can evolve in the positive direction. The market is currently priceing such a discount with 65 percent probability.
Mena, more than one in the third quarter interest rate reduction If the capital will return from traditional money markets Crypto Money ETF“S&P 500 is less than 5 percent below the record level and the money market fund assets at a record level of 7.5 trillion dollars. As interest starts to decrease, this capital can return to risky assets such as crypto currencies,” he said.
Mena, “In addition, venture capital financing has reached the summit of 3 years, corporate participation is accelerating. Increasing macro winds with Bitcoin and other crypto currencies for the second half of the year continues to strengthen the ground continues to strengthen,” he said.
Analysts, the market for the time being Fed interest rate decision It continues to adhere to the explanations to be made after the explanations and news from the Middle East, and the prices will move in a certain range until the clearer signals arrive. Meanwhile, Bitcoin options open positions remained close to record levels. This is considered an indicator of investor confidence.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
