What does the Fed’s fight against inflation mean for crypto? Macro analyst ex...
Macro analyst Lyn Alden explains why the Fed's efforts to curb inflation may take longer than expected and how they will impact the crypto markets. The Federal Reserve's efforts to battle inflation by rising interest rates and killing demand may have limited results as long as the supply side of the inflation problem won’t be fixed, according to macro analyst Lyn Alden. “Until they actually fix the supply side of certain things, like energy especially, but commodities broadly and logistics infrastructure, until that is improved, it's hard to have a more persistent fix to the inflationary....
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Macro investor Jordi Visser is arguing that Bitcoin’s original purpose is coming back into focus as the Federal Reserve faces a new macro trap shaped by debt, oil, slowing growth and weakening employment. In a note published March 30 under the banner “D.O.G.E. 2.0,” Visser says that mix could leave policymakers unable to impose the kind of economic pain a traditional inflation fight would require. His framework repurposes the acronym into four pressures: debt as the structural constraint, oil as the inflation shock, growth as the casualty of tighter conditions, and employment as the side....
The raging inflation and the Federal Reserve’s approach to fighting it have seemingly affected the crypto market negatively. The first sell-off trend started when the Feds announced an interest rate hike in July 2022. Even though the Terra Luna crash worsened the situation, the market was already on the brink of collapse. Many people panicked and didn’t want to pay high interest on their crypto gains. Since then, the Feds have come up with many unfavorable decisions in the inflation fight. Recently, Jerome Powel announced a stricter approach on August 26, causing another....
Americans are still very concerned about inflation as the latest Survey of Consumer Expectations (SCE) report from August indicates that U.S. consumers expect inflation to be 5.2% a year from now. The SCE response data hasn’t been this high since 2013, and it’s increased since the month prior, when U.S. residents expected 4.9% at the time. Month After Month, Consumer Inflation Expectations Continue to Climb Higher The cost of services and goods in the United States has risen a great deal and Americans have been worried about rising inflation. Citizens have good reason to....
Bitcoin fast approaching towards a critical intersection of macro support, according to a crypto analyst. Critical Intersection Of Macro Support As pointed out by a Bitcoin analyst on Twitter, the cryptocurrency is coming closer to an intersection with a macro support curve. BTC macro support curve | Source: TheCryptoCactus The above chart showcases how Bitcoin […]
The party across global market might be coming to an end with Bitcoin positioned to be one of the assets with the potential to come on top. The shift in the U.S. Federal Reserve monetary policy will ripple across the stock market as interest rates spike and they reverse their asset purchase program. Related Reading | TA: Bitcoin Reaches Key Juncture, Why Recovery Won’t Be Easy At least, that’s how Mike McGlone, Senior Commodity Strategist for Bloomberg Intelligence views it. In a recent interview with Scott Melker’s “The Wolf Of All Streets” podcast, McGlone talked about Bitcoin as a....