CRYPTO ALERT: Ether Prices Reach Lowest Since July As Lackluster Sentiment Grips Markets
Should central banks implement further increases in their benchmark rates, the development will place upward pressure on borrowing costs, potentially creating headwinds for cryptocurrencies by giving interest-bearing assets greater yields and therefore increasing their appeal to investors.
Market observers expect the FOMC to announce another large rate hike, although the size of this increase remains to be seen. Analysts working for investment bank Nomura recently predicted that these policy members will increase the federal funds rate by 100 basis points, citing a need for aggressive action from the central bank, Reuters“For some time, we have highlighted an emergence of a wage-price spiral and increasingly unanchored inflation expectations as factors that could keep inflation persistently elevated for longer, requiring a more forceful response from the Fed,” the analysts stated in a note.
The resource predicted an only 16% chance that these rates would go up by 100 basis points as a result of the upcoming meeting.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
First Mover Asia: Cryptos Slide in Weekend Trading; Did Ethereum Pick the Wrong Time to Merge?Ether, bitcoin and other major cryptos drop in weekend trading as investors eye the coming FOMC meeting and housing data; the Ethereum blockchain faces multiple headwinds in the near future. JPRubin23 and TheSamReynolds report
Lire la suite »
Ether plummets 20%, trading below $1,500: This week in marketsA weekly report on some of the biggest moves in crypto markets, with commentary from industry experts.
Lire la suite »
As Ether, Bitcoin Wilt, Trading Firms Blame Lack of Bullish Catalyst for Market SwoonWith the Ethereum Merge out of the way, the focus is back on adverse macroeconomic conditions. Crypto trading firms expect continued selling in risk assets. By godbole17
Lire la suite »
Market Wrap: Bitcoin Regains $19K and Ether Rises as FOMC Meeting NearsMARKET WRAP: $BTC and $ETH have been fluctuating in price. That may change with a catalyst, such as the expected interest rate increase to be announced after this week's FOMC meeting. GWilliamsJr_CMT and _jocelynyang_ report
Lire la suite »
Shiba Inu Touches Key Support That Produced 100% Rise in July; What Happens NextShiba Inu falls to crucial level that prompted 100% rise in July, will this repeat? SHIB $SHIB ShibArmy SHIBCommunity Crypto
Lire la suite »
Solar & Wind Power=71% of New US Power in 2022 (January–July)Solar and wind power continue to dominate new power capacity in the United States. July was actually a poor month relatively speaking, with just 56% of new power capacity coming from renewable energy sources due
Lire la suite »