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CoinNetwork

Crypto news: According to Coindesk, the US Federal Reserve’s Beige Book shows that price growth across all regions is steady or slowing, and the market has ruled out a rate hike in July. CME FedWatch data shows the probability of a rate hike in September has fallen to 48%, the 2-year US Treasury yield dropped 7 basis points to 4.12%, and the price of Bitcoin has been fluctuating around $65,000.

CME0.44%
BTC-1.22%
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LightningFox
· 7h ago
Once this news came out, it feels like market sentiment has steadied again a bit, and BTC’s sideways consolidation has been pretty painful to sit through.
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StableBondTrader
· 9h ago
The odds of a rate hike in September have dropped to 48%, and that’s not really that low either. With Bitcoin sitting around 65k, both longs and shorts are stuck in a dilemma. I’ve chosen to stay put and watch the show.
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BouncePad
· 9h ago
The slowdown in the pace of price increases is a positive, but rate-hike expectations keep swinging back and forth—so the “dog whale” is likely using this opportunity to wash out positions.
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AirdropHunter
· 9h ago
Interesting—U.S. Treasury yields fell, but Bitcoin didn’t break higher, suggesting the funds are still on the sidelines. We’ll only be able to see the direction once next week’s economic data is released.
View OriginalReply0

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