The market of cryptocurrencies experience a slight bearish turn this Wednesday, with the Bitcoin (BTC) yielding 1% and moving away from the threshold of the US $ 15,000, when located at $ 107,661. In contrast, Ethereum (eth) It remains in green and advances towards US $ 2,700, consolidating its recent upward trend.
The Altcoins They operate with disparity after cautious acts of the Fed. The gain of the Tancoin (+12.7%) is highlighted, while the losses are led by Solana (-2.7%).
Toncoin (ton) is the native cryptocurrency of The Open Network (Ton), a laychain of layer 1 initially developed by the founders of Telegram, Pavel and Nikolai Durov. Conceived in 2018 as part of the Telegram Open Network project, the initiative was interrupted in 2020 due to regulatory challenges raised by the United States Stock Exchange and Securities Commission (SEC). Subsequently, the development was retaken by the community and the Ton Foundation, renouncing the network such as The Open Network and cryptocurrency as Troncoin.
Fed Minutes alert for risks in increasing inflation and unemployment
The Responsible for the Federal Reserve They recognized in May that in the coming months they could face “Difficult balances” in the form of a Increased inflation and of unemployment, which would force those responsible for the US Central Bank to decide whether to give priority to the fight against price increases with a more restrictive monetary policy or cut interest rates to support growth and employment.
The results of the May 6 and 7 meeting and the most detailed account of the same reflected in the minutes were before Trump’s decision to delay the most aggressive tariffs, in particular the 145% tax to Chinese imports that threatened to paralyze a large part of world trade.
But, in theory, these tariffs are only suspended until July, waiting for negotiations on definitive tax rates, which maintained and keep the officials of the Fed The entrepreneurs, in the gloom on the economic landscape they can face in the coming months.
Cooling signals
According to analysts of Bitfinexthe market could be entering a Profit phase, especially by short -term investors. The firm estimates that in the last 30 days benefits of 10,000 million dollars have been accumulated, which could be encouraging current sales.
For its part, QCP Capital A decrease in the open interest of Bitcoin’s perpetual interest stands out, as well as standardization in financing rates. In addition, some retail traders would be cutting exposure, in a gesture of caution before possible sudden movements.
Despite the conjunctural brake, The background feeling around Bitcoin remains optimistic. Augustine Fan, Director of Analysis of Signalplushe argued in statements to COINDESK That the market structure remains solid, with favorable macroeconomic conditions that could boost new increases in the coming months. “Traders expect prices to reach new maximums towards the summer,” he said.
Source: Ambito
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