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pyr vulcan forged in india ✌️【365vc.net】✌️From ₹500 to unlimited potential. Safe and reliable investments with high monthly returns.The S&P 500 index also fell to a session low on Wednesday.During the press conference following the FOMC decision, Fed Chair Jerome Powell said that the projected slower path of further rate cuts is a reflection of hotter inflation readings in previous months and higher inflation expectations for next year.Powell, replying to a reporter question about the idea of the government establishing a strategic bitcoin reserve under Donald Trump's presidency, said that the Fed is "not allowed to own bitcoin" per the Federal Reserve Act and isn't looking for a law change.“I think the biggest headache for the Fed right now is the fact that financial conditions have still tightened despite the Fed cutting rates," Andre Dragosch, European Head of Research at Bitwise, told CoinDesk prior to today's action.
"Long bond yields and mortgage rates have increased since September and the dollar has appreciated which also implies a tightening in financial conditions."“A continued appreciation of the US dollar also poses a macro risk for bitcoin since dollar appreciation is associated with global money supply contraction as well which tends to be bad for bitcoin and other crypto assets," Dragosch continued.
"In fact, Fed net liquidity continues to decrease.
pyr vulcan forged in india ✌️【365vc.net】✌️Invest with confidence using AI insights. Start at ₹500 and watch your wealth grow exponentially.Tightening liquidity and strong dollar is also the biggest risk for BTC in my view … On the other hand, on-chain factors for BTC continue to be very supportive, in particular the ongoing decline in exchange balances which supports the hypothesis that the BTC supply deficit continues to intensify."As the senior analyst at CoinDesk, specializing in Bitcoin and the macro environment.
Previously, working as a research analyst at Saidler & Co., a Swiss hedge fund, introduced to on-chain analytics.
James specializes in daily monitoring of ETFs, spot, futures volumes, and flows to understand how Bitcoin interacts within the financial system.
James holds more than $1,000 worth of bitcoin, MicroStrategy (MSTR) and Semler Scientific (SMLR).Krisztian Sandor recently graduated from NYU's business and economic reporter program as a Fulbright fellow and worked with Reuters and Forbes previously.
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