Cryptocurrencies start the week with moderate movements in a day that anticipates key to its short -term evolution. Bitcoin (BTC) falls In the last 24 hours but it remains at US $ 115,000, while Ethereum (ETH) goes back 2.3% Au $ 2,500.
The rest of the Altcoins also records falls of up to 7.3%headed by Dogecoin, SUI (5.3%), Cardano (4.6%) and Solana (4.3%).
According to Amberdata data, bias Call/Put —That measures the distribution of implicit volatility between purchase and sales options with weekly expiration – recovered until it approached neutral land. Biases at 30 and 60 days, although they remain negative, have also shown a considerable improvement with respect to the minimums achieved last week.
This indicator allows to know the perception of the market: A positive bias reflects preference for bullish strategies (Calls), while a negative bias implies greater demand for bearish coverage (Puts).
With the look at the Fed
Analysts agree that the Current market behavior is dominated by the expectation around the Federal Reserve Meeting (Fed), that will take place this week. The United States Central Bank will announce its decision on interest rates on Wednesday 17, and there is almost a cut of 25 basic points. Some strategists go further and argue that the cut should be half a percentage point.
“As for the projections, we foresee that the midpoint of 2025 will continue to show cuts of 50 basic points, And that the 2026 point will show another 50 basic points, compared to the 25 basic points of June, “said Bank of America analysts. However, they do not expect the Fed to offer concrete signals about the decisions it will make in the two remaining meetings of 2025. In addition, they anticipate that President Jerome Powell will provide“ a limited direct forecast on the October meeting ”in the press conference after the announcement.
The institution faces a context of weak employment data: the August report and the downward reviews of non -agricultural payrolls reinforced the change of Fed approach, that now seems more concerned with the risks of cooling of the labor market than for inflation.
Javier Molina, senior analyst of Etoro, warns that the organism’s communication “can tip the balance, extending the upstairs section if it validates the path of cuts, or forcing a readjustment if the volatility reappears and the expectations are not confirmed.” From the technical analysis, it emphasizes that the recovery of the level of $ 112,000 “is a good short -term sign”, which opens the possibility of a recovery of the momentum In line with the monetary relaxation scenario. “Let’s not forget that there is a very high correlation between BTC fees and climbs,” he added.
At the corporate level, cryptobols Gemini debuted strongly at the Nasdaq: its actions rose 14% on the first quotation day.
Source: Ambito
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