BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\nAt the time of writing, Bitcoin is trading at $65,970, up more than 5% in the 24-hour time frame.\u00a0<\/span><\/p>\nFeatured image from DALL-E, chart from TradingView.com<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"A recent report from centralized exchange (CEX) Blofin highlights a cautiously bullish sentiment among crypto investors, even as macroeconomic indicators and global market conditions continue to inject a degree of precaution into the market.\u00a0 Market Anticipates Limited Fed Rate Cuts According to the firm\u2019s analysis, one significant factor influencing market sentiment is the surprisingly positive Consumer Price Index (CPI) data for September, which has altered expectations regarding future interest rate cuts by the US Federal Reserve (Fed).\u00a0 Currently, the market anticipates that the Fed will implement a total of only 45 basis points (bps) in rate cuts for the remainder of the year. Moreover, the options market suggests that there may be just one additional rate cut in 2024, likely a 25 bps reduction, followed by a pause in early 2025.\u00a0 Related Reading: Solana Extends Rally By 4%, But This Factor Could Lead To A Top This outlook aligns with prior analyses by Blofin, which indicate that the Fed’s capacity for further cuts has diminished, indicating a shift from aggressive liquidity injections to a more measured approach. However, the recent CPI surprise has also intensified market uncertainty, as reflected in the MOVE index, which tracks volatility in Treasury yields.\u00a0 This index surged to its highest level since June 2024, signaling heightened apprehension among investors. Concurrently, volatility indices for other assets have also increased, highlighting a broader trend of rising uncertainty. Despite these challenges, both the US Dollar Index (DXY) and US equities have demonstrated resilience, maintaining strength even amid shifting economic conditions.\u00a0 Yet, a notable decline in equity risk premiums suggests a growing complacency among investors or a diminished reward for taking on equity risk. This reduced premium could expose the market to greater vulnerabilities in the event of unforeseen shocks. Optimism Grows In Crypto Options Market In the crypto space, recent price movements have been notable, with Bitcoin (BTC) and Ethereum (ETH) experiencing significant surges. Analysis from GEX points out that there are currently no clear resistance levels in the market, suggesting that price movements might continue without substantial barriers.\u00a0 However, the exchange noted that this lack of structural support also underscores the market’s \u201cinherent fragility.\u201d They contend that if investor sentiment were to shift, the current price levels could be difficult to maintain. Additionally, the options market has seen a shift in skewness toward a more optimistic position, though it remains within a neutral range. This change indicates a growing confidence among crypto investors, albeit without overwhelming bullish sentiment. Notably, tail risk pricing has been on the rise since the end of September.\u00a0 Related Reading: Crypto Analyst Predicts \u2018Giga Pump\u2019 For XRP Price, Here\u2019s The Target Overall, this trend reflects investors’ concerns about potential \u201cextreme negative events,\u201d underscoring that, despite the recent rally seen in the crypto market, uncertainties surrounding future Fed rate cuts and broader macroeconomic conditions continue to weigh heavily on sentiment. At the time of writing, Bitcoin is trading at $65,970, up more than 5% in the 24-hour time frame.\u00a0 Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":647961,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1119,1122,1144,78790,6664,14690,1558,54512],"class_list":["post-647960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-news","tag-cryptocurrency","tag-defi"],"acf":[],"yoast_head":"\n
Crypto Prices Go Up: A \u2018Cautious Bullish\u2019 Outlook Amid Fed Worries And Market Volatility<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n