In this video: Exciting news coming out this week that may have a major effect on Bitcoin's PA. Our first price target was already hit when BTC raided the sow(b)/Msow liquidity void like we forecasted as a likely possibility for over a week now. What now? Either way, regardless of what the results are of the Senate vote today -- we're prepared. In this video we go over BTC's present condition and what to expect may happen this afternoon. afterwards. Video by JalaCrypto.
"New to trading? Join iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!"
Learn more >>
Bitcoin (BTC) is trading around $76,200 to $76,900, sliding roughly 2.4% today as the market braces for a high-stakes combination of political gridlock in Washington and a looming Federal Reserve interest rate hike.
Market-Moving News
-Senate Clarity Act Blockade: The crucial cloture vote for the Digital Asset Market Clarity Act has run into a major wall. Senate Republicans rejected a democratic counterproposal, effectively cratering the bill's passage odds from over 40% down to roughly 14%–18% on prediction markets. This has heavily dampened institutional sentiment.
-The Fed's Hawkish Pivot: Investors are heavily de-risking ahead of tomorrow's two-day FOMC meeting. According to the CME FedWatch Tool, there is now a staggering 92.5% probability of a 25-basis-point interest rate increase, up sharply from 69.4% last Friday.
-Geopolitical & Energy Pressures: Tensions in the Middle East have pushed Brent crude oil prices past $106 per barrel. Escalating energy prices, combined with multi-decade highs in US Treasury yields, are actively siphoning liquidity out of risk assets like cryptocurrencies.
-The Silver Lining (ETF Inflows): Despite the spot price sell-off, institutional appetites remain steadier underneath. US-listed spot Bitcoin ETFs snapped a four-day losing streak to print $160 million in net inflows on Monday, primarily driven by BlackRock's IBIT.
Probability over emotion, being the casino instead of the gambler, and why following the charts beat chasing fear and greed.
Start Trading >>
