The whales are waiting for Powell: this is the reason why Bitcoin could fall tonight
In recent hours, Bitcoin attempted a rebound above $94,000… before falling just as quickly. Once again, this serves as a reminder that its volatility is not a rumor, but its very nature. However, beyond the rollercoaster of its price, it is the changing macroeconomic context that should really draw attention. Because behind the red or green candles, it is the Federal Reserve that is manipulating the cryptocurrency market.
In brief
Bitcoin briefly surpassed $94,000 before falling below $92,500.
The FOMC meeting could decide its near future, between euphoria and panic.
Several analysts denounce a coordinated move by the whales to trap small investors.
The market remains focused on Powell's tone, more than on the simple decision about interest rates.
The Fed speaks, cryptocurrencies listen: why the economy holds its breath
The verdict from the FOMC meeting is expected to be a turning point. Markets anticipate a 0.25% cut, but it is not the cut itself that generates concern or enthusiasm, but the tone. In fact, if Jerome Powell remains cautious about the future of interest rates or quantitative easing, investors could abruptly change course. Bitcoin, in particular, could plummet or soar.
Jerome Powell appears and adopts a restrictive tone, stating: "I don't know if we will proceed with the rate cuts," and the entire market reacts with a classic news sell-off.
Given that inflation is still uncertain, largely due to the lack of recent CPI data, the Fed is guided by perspective. This increases uncertainty in the markets, which react with increasing violence even to the slightest signals they receive.
