Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

2025-05-19

Bitcoin touches $ 2T market capitalization, surpasses Google and Meta – Is Apple next?

2025-05-19

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

    2025-05-19

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19
  • NFT

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

    2025-05-19

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Upcoming rate hikes could be Bitcoin’s next big challenge, here’s why
Altcoins

Upcoming rate hikes could be Bitcoin’s next big challenge, here’s why

2023-05-27No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin (BTC)’s current sideways price action has investors wondering what the future holds for the world’s largest cryptocurrency. The upcoming rate hikes by the Federal Reserve (Fed) could pose the next big challenge for Bitcoin, according to to the crypto market analysis firm Blofin Academy.

Is Bitcoin Ready for the Heat of Rate Hikes?

The US economy has shown great resilience in recent months, prompting the Fed to consider raising interest rates to prevent inflation. However, this could be bad news for the crypto market as higher interest rates tend to make traditional investments more attractive, potentially leading to a decline in demand for Bitcoin and other cryptocurrencies.

The correlation between interest rates and Bitcoin’s price action has been observed in the past. When interest rates rise, investors tend to move their money into traditional investment vehicles such as stocks and bonds, leading to a decline in demand for cryptocurrencies.

However, it is worth noting that Bitcoin is often viewed as a hedge against inflation, meaning it can still be attractive to investors in times of economic uncertainty.

Bitcoin
The schedule of the Federal Reserve. Source: Blofin Academy on Twitter.

The next scheduled Fed meeting will take place on June 14, 2023, where the central bank will likely discuss the possibility of raising interest rates in response to the current state of the US economy.

Macrodeterminants keep crypto traders waiting

Noelle Acheson, owner of the “Crypto Is Macro Now” newsletter. warned against investors who are currently entering the crypto market. While the upside potential for Bitcoin remains significant, Acheson suggests there is currently no compelling reason for investors to take on additional risk.

See also  Ethereum, Solana and Cardano Trend after Crypto -Crash

According to Acheson, there are currently few macro determinants, such as debt limit negotiations and the Fed’s interest rate policy, leaving investors to wait for more clarity before making major investment decisions. As a result, there is a sense of caution in the market as traders wait to see how these macro factors play out.

Despite the lack of clarity, Acheson notes that there isn’t much incentive for existing crypto holders to sell their holdings. This suggests that the current wait and see isn’t necessarily a sign of bearish sentiment in the market, but rather a period of caution as investors wait for more information.

Acheson also notes that there may be some downside movement in the near term, but belief in a potential rally is not strong enough to justify the possibility of missing out on potential gains. As a result, there has been some buying and selling in the market, but not enough to significantly increase volatility despite low volumes and liquidity.

At the time of writing, Bitcoin is trading at $26,700, reflecting a 1.2% increase over the past 24 hours. However, the 50-day moving average (MA) has placed the largest cryptocurrency in a narrow range between $26,200 and $26,800. This means that Bitcoin may struggle to surpass its current trading range in the near term, as the 50-day MA is currently at the top of this range on the 1-hour chart, making it challenging to break.

While Bitcoin has seen some upside in recent weeks, the current trading range suggests that further gains may be limited until there is a significant shift in market sentiment or the emergence of a bullish catalyst.

See also  MicroStrategy Joins Nasdaq 100 as Bitcoin Strategy Pays Off
Bitcoin
BTC’s price range and resistance on the 1 hour chart. Source: BTCUSDT at TradingView.com

Featured image from iStock, chart from TradingView.com



Source link

Big Bitcoins challenge Heres hikes Rate Upcoming
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

2025-05-19

Only 5% will make it

2025-05-19

Cardano’s ICO era ‘Redemption Scandal’ re -diving – will it drag the Rally of Ada?

2025-05-19

How to stimulate your PI network extraction rate with 26x in 2025 – Key Strategy

2025-05-19
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Former Celsius CEO Arrested, Indicted by SEC for Securities Fraud

2023-07-14

Deutsche Post launches crypto stamp with AI-generated images of historical locations

2023-10-30

Cardano Rises: Bullish Rebound Provides Optimism for Further Advantage

2024-11-18
Editors Picks

Ripple Weakens – When Will Bulls See a Reprieve?

2023-10-03

Bitcoin potential for monetary policy is generating growing interest among central banks

2024-10-28

CARV Partners with Manta Network to Power Web3 Gaming and Decentralized Identity

2024-12-01

Solana prices continue to fall after Christmas: New Year’s predictions?

2023-12-28
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

BlackRock’s Buidl to Power Bouncebit’s new RWA Yield Strategy Platform

Bitcoin touches $ 2T market capitalization, surpasses Google and Meta – Is Apple next?

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,627.67-0.79%
  • ethereumEthereum(ETH)$2,528.811.38%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.38-1.85%
  • binancecoinBNB(BNB)$650.08-0.09%
  • solanaSolana(SOL)$166.94-3.71%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.224607-3.72%
  • cardanoCardano(ADA)$0.74-1.65%
  • tronTRON(TRX)$0.266695-0.17%
  • suiSui(SUI)$3.84-1.95%
  • chainlinkChainlink(LINK)$15.800.02%
  • avalanche-2Avalanche(AVAX)$22.29-3.04%
  • stellarStellar(XLM)$0.286817-1.93%
  • hyperliquidHyperliquid(HYPE)$26.58-1.87%
  • shiba-inuShiba Inu(SHIB)$0.000015-2.32%
  • hedera-hashgraphHedera(HBAR)$0.194005-1.45%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-1.19%
  • bitcoin-cashBitcoin Cash(BCH)$393.17-3.11%
  • the-open-networkToncoin(TON)$3.03-3.31%
  • litecoinLitecoin(LTC)$98.42-2.27%
  • polkadotPolkadot(DOT)$4.60-3.74%
  • moneroMonero(XMR)$342.991.85%
  • bitget-tokenBitget Token(BGB)$5.221.37%
  • pepePepe(PEPE)$0.000013-3.55%
  • daiDai(DAI)$1.000.02%
  • piPi(PI)$0.74-1.94%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • aaveAave(AAVE)$248.467.55%
  • uniswapUniswap(UNI)$5.94-2.68%
  • bittensorBittensor(TAO)$411.19-3.07%
  • nearNEAR Protocol(NEAR)$2.77-2.39%
  • aptosAptos(APT)$5.210.77%
  • okbOKB(OKB)$52.46-1.15%
  • ondo-financeOndo(ONDO)$0.93-3.12%
  • kaspaKaspa(KAS)$0.107937-3.62%
  • ethereum-classicEthereum Classic(ETC)$18.54-0.47%
  • internet-computerInternet Computer(ICP)$5.22-1.86%
  • gatechain-tokenGateToken(GT)$21.54-1.08%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.87-3.06%
  • crypto-com-chainCronos(CRO)$0.096125-3.42%
  • mantleMantle(MNT)$0.73-1.56%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.233404-3.08%
  • vechainVeChain(VET)$0.028072-2.85%
  • render-tokenRender(RENDER)$4.59-1.78%
  • ethenaEthena(ENA)$0.370267-4.45%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • algorandAlgorand(ALGO)$0.222447-1.57%
  • filecoinFilecoin(FIL)$2.86-1.08%
  • arbitrumArbitrum(ARB)$0.3924770.02%
  • bitcoinBitcoin(BTC)$105,627.67-0.79%
  • ethereumEthereum(ETH)$2,528.811.38%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.38-1.85%
  • binancecoinBNB(BNB)$650.08-0.09%
  • solanaSolana(SOL)$166.94-3.71%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.224607-3.72%
  • cardanoCardano(ADA)$0.74-1.65%
  • tronTRON(TRX)$0.266695-0.17%
  • suiSui(SUI)$3.84-1.95%
  • chainlinkChainlink(LINK)$15.800.02%
  • avalanche-2Avalanche(AVAX)$22.29-3.04%
  • stellarStellar(XLM)$0.286817-1.93%
  • hyperliquidHyperliquid(HYPE)$26.58-1.87%
  • shiba-inuShiba Inu(SHIB)$0.000015-2.32%
  • hedera-hashgraphHedera(HBAR)$0.194005-1.45%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-1.19%
  • bitcoin-cashBitcoin Cash(BCH)$393.17-3.11%
  • the-open-networkToncoin(TON)$3.03-3.31%
  • litecoinLitecoin(LTC)$98.42-2.27%
  • polkadotPolkadot(DOT)$4.60-3.74%
  • moneroMonero(XMR)$342.991.85%
  • bitget-tokenBitget Token(BGB)$5.221.37%
  • pepePepe(PEPE)$0.000013-3.55%
  • daiDai(DAI)$1.000.02%
  • piPi(PI)$0.74-1.94%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • aaveAave(AAVE)$248.467.55%
  • uniswapUniswap(UNI)$5.94-2.68%
  • bittensorBittensor(TAO)$411.19-3.07%
  • nearNEAR Protocol(NEAR)$2.77-2.39%
  • aptosAptos(APT)$5.210.77%
  • okbOKB(OKB)$52.46-1.15%
  • ondo-financeOndo(ONDO)$0.93-3.12%
  • kaspaKaspa(KAS)$0.107937-3.62%
  • ethereum-classicEthereum Classic(ETC)$18.54-0.47%
  • internet-computerInternet Computer(ICP)$5.22-1.86%
  • gatechain-tokenGateToken(GT)$21.54-1.08%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.87-3.06%
  • crypto-com-chainCronos(CRO)$0.096125-3.42%
  • mantleMantle(MNT)$0.73-1.56%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.233404-3.08%
  • vechainVeChain(VET)$0.028072-2.85%
  • render-tokenRender(RENDER)$4.59-1.78%
  • ethenaEthena(ENA)$0.370267-4.45%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • algorandAlgorand(ALGO)$0.222447-1.57%
  • filecoinFilecoin(FIL)$2.86-1.08%
  • arbitrumArbitrum(ARB)$0.3924770.02%