The last 24 hours have brought a lot of excitement to the crypto market. Traders are still analyzing the impact of US monetary policy, geopolitical situations, and capital outflows from Bitcoin-based ETFs. These factors are currently dominating the market more than the actual tech events.
🇺🇸 USA, FED and policy
The biggest event of the day will be the job market data from the US and more signals coming from the FED. Some members of the Federal Reserve still maintain a cautious, even hawkish stance towards inflation, which limits expectations for quick interest rate cuts. For cryptocurrencies, this means less liquidity and more pressure on risky assets.