Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now! 🔥
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Plus: JPMorgan credit cards coming to Coinbase |
GM. We peeled back the markets and found vibes, memes, and potassium. Let’s split that mix open: 🍍 FOMC day + the state of Bitcoin. 🤝 Coinbase x JPMorgan partnership. 🍋 The bigger picture of crypto, crypto cases unfolding + more |
🍍 Market flavor today | ||||||||||||||||||||||||||||||||||||||||||||||||
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Happy FOMC day to those who celebrate! Today’s the day the US Fed drops its decision on interest rates - and it’s happening soon, at 2 PM ET. Unfortunately, we won’t be around when the news hits… and unfortunately x2, we’re off for the rest of the week too. The juicer’s taking a break 😮💨
But you should definitely keep an eye on the headlines later today, because whatever the Fed decides and Chair Jerome Powell says afterward in the press conference might move the markets. 👉 If they cut rates, markets might rally. Lower rates = cheaper borrowing = more money sloshing around = risk assets like crypto get some love. 👉 If they hike, that’s usually bearish. Higher rates = tighter liquidity = less risk-taking. 👉 If they keep rates unchanged (which most people expect), that could be a mild positive. Because when the outcome is predictable, uncertainty decreases, and markets like that. That said, even if the decision is exactly what everyone expects, this will only clear up one layer of uncertainty. What comes next depends on Powell’s tone in the press conference. If he hints that rate cuts are far off or sounds more worried about inflation, that could bring volatility into the picture. Unfortunately x3. And Bitcoin's in a spot where any surprise could really change things. According to Bitcoin Vector, while the overall structure still leans bullish, prices haven’t broken down, and the setup looks good - it’s lacking momentum. In other words, there aren't enough buyers to push the price through. So, what's next? 👉 If BTC can break above $120.5K, that would likely confirm another leg up; 👉 However, if it drops, $112.5K is the next big support level - a price where buyers might show up and stop the fall. If it breaks below that level, things might get uglier. Overall, Bitcoin's current state is like that moment when you text someone you like and you don't get a reply for 12 minutes. Are they busy? Did they just ghost you? Are they typing a long, thoughtful message? You don’t know. That’s the vibe: not crashing, not pumping, just hanging out, waiting. It needs a reason to make a move, and today’s Fed news might be the thing that finally pushes it one way or the other. |
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