Bitcoin tests $25,000 resistance again after FED minutes
Yesterday, the highly anticipated FED minutes were published. Before the minutes, risk appetite decreased in the markets, US stock indices were sold hard and Bitcoin fell to $ 23,700.
The market, which is expected to be Falcon, and which sheds light on a 50 basis point interest rate hike in the next monetary policy meeting, priced the market relieved after the announced minutes. According to the Fed minutes, officials consider that the rate hike process should continue for a while, but reducing the rate of increase to 25 basis points is the right step. US markets, which recorded a pullback of close to 5% in the last four days, relaxed after these messages and managed to close the day with a sideways positive four days later. Likewise, the crypto money market, which has withdrawn by 5% in the last two days, recovered after the evening hours and turned its eyes back to the $25,000 resistance. Bitcoin dominance remained flat at 44.2 while Ethereum dominance rose to 19.2. The total value of the cryptocurrency market has again exceeded $ 1.1 trillion. Altcoins, on the other hand, rose after yesterday evening. The most rising cryptocurrencies in Bitay yesterday were ACH, AMP, DODO and RVN.
Bitcoin tests $25,000 resistance again after FED minutes
After the Fed minutes yesterday, which included positive messages from the expectations, the US futures markets are watching positive in the morning. There is an increase in risk appetite in the new day. While there is no serious macro data for the rest of the week, the Eurozone consumer inflation data, which will be announced at 13.00 TSI, will be followed. While inflation is expected to increase after five months, pressure is seen in the Euro. Stronger-than-expected data could put pressure on global stocks. However, we believe that the data will have a direct and serious impact on the cryptocurrency market.
