Crypto Rally Or Crash? Powell Just Made July The Make-Or-Break

Analyst Says Dogecoin Could Skyrocket 16% Any Moment

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Federal Reserve Chairman Jerome Powell left the Capitol Hill on Tuesday the risk asset traders with one binary question: Is the most sensitive summer at the end of the years with the outbreak of encryption or crash paid macro? In preparation statementPowell stressed that “inflation has significantly reduced its highest levels in mid -2012, but it is still somewhat high,” adding that the Federal Open Market Committee “is in a good position to wait to learn more about the potential path of the economy before considering any amendments to our position on politics.”

Crypto’s fate may be closed in July

As for the encryption markets that already swing on every difference of policy guidelines, the message was clear: in the next four weeks – which was photographed by July 12 CPI and July 19 salary report – will decide whether it was July FOMC Provides relief or reality examination.

Powell warns on the top of a rare general division within the same painting. Conservatives, Michel Buman and Crystofer Wald, both of whom are appointed by Trump, in public. The high prices related to tariffs It is likely that “one-time attacks” and therefore should not stand in the path of early reduction-at the same time as the July 30 meeting.
Seven of their colleagues are not consistent, as they set expectations that maintain a policy unchanged until December. “I don’t think we need to be in any rush, because the economy is still strong,” Powell told the legislators.

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The market reaction was by flattening the front end of the curve. Treasury revenues decreased for two years to 3,806 percent, while the standard decreased for 10 years to 4.285 percent-both of them unprecedented since early May-after martyrdom and stopped a surprise in the Middle East Turbo-global “risk”. However, the expectations for the month of July remain accurately balanced: CME Fedwatch explains that merchants have reduced the possibility of reducing the first 25 points to 19 %.

The encryption was traded in crosses instead of the address. Bitcoin, which rose to $ 99,000 on Monday, regained $ 106,000 by Wednesday morning, reflecting the recovery in stocks and high beta currencies as the dollar fell on the fall returns. Meanwhile, Ethereum held more than $ 2,200 – even as the Powell’s tone was widely described as honesty. The broader encryption complex moved in sympathy, with BNB installed through $ 644 and Solana’s stability near $ 146.

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X veteran traders drip the risk. Permant, a wig, a general books“We got a lot of clarity now. All eyes are on printing CPI in July.” NIC added from Coinbureu that July “in play – perhaps – but nothing closed”, as it did not bring Powell’s great surprises.

At the same time, Jim Bianco Stuck“Trumpon, Er, and Buman appointed a discount in July. Powell” no. “Will FOMC meet at least at least two dissidents?”

Currently, the Powell “Watch and Wait” position bought four other weeks of option. If inflation in July confirmed the lower inflation, the policy door opening is open, and the next gathering of encryption can turn into complete melting. If not, the accident may come at the same speed. In the words of the Byzantine general, the market “got clarity.” What he did not get is comfort.

At the time of the press, Bitcoin was traded at $ 106,892.

Bitcoin price
BTC Prices for more than 106,000 dollars, 4 -hour graph source: BTCUSDT on Tradingview.com

Distinctive image created with Dall.e, Chart from TradingView.com

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