Will Powell’s tone tone Bitcoin higher?

As the Federal Open Market’s Board convenes tomorrow, it seems that the crypto market appears to be in the intersection, and investors want to expect signals that may affect digital assessments.

Currently consensus among analysts indicates a high probability that Fed will maintain its reference interest rate within 4.25% -4.5%, reflecting current concerns due to inflation and economic stability.

Bitcoin (Btc) is Exposed resistance in front of the meeting, trading about $ 95,000, while Etherum (El) Floats near $ 1,787.

However, the broader crypto market remains sensitive to macroeconomic signs, especially those arising from the decisions on Fed Policy.

Participants in the market carefully monitor the statements of the Fed Povel for the indication of the future policy of the Central Bank.

Covering tone, suggesting potential reduction in rates or slowing quantitative tension, could inject optimism into the crypto market, potentially worse Bitcoin next to a $ 100,000 mark and establishing AllCoin performance.

In contrast, haking attitude emphasizing persistent testing of inflation and commitment to close monetary policy can put pressure on cryptocurrency, and Bitcoin potentially solves the level of support about $ 89,000.

Trade war and inflation concern

Despite stronger growth on expected work and growing consumer prices, Fed are unlikely to move rates, resisting pressure From President Trump, who publicly called for the reduction of rates to compensate for what he described as a non-existent inflation.

Fed, which acts independently of the white house, faces complications from new tariffs that could further submit fuel inflation.

Economists warn that trade tensions can continue to continue to run prices, especially affected by Americans at lower income.

Consumers are already feeling the stress of high costs of borrowing and inflation to their daily costs.

Markets currently predicts The Fed will start cutting rates in July, potentially followed by two or three additional reductions at the end of the year.

If prices are reduced, consumers can see relief through reduced interest rates on loans and credit, improving access to cheaper borrowing.