Bitcoin (BTC) has recently seen a significant increase of 5%. This increase is in line with market expectations for the Federal Open Market Committee (FOMC) announcement and an increase in the federal funds rate
Bitcoin (BTC) has recently seen a significant increase of 5%. This increase is in line with market expectations for the Federal Open Market Committee (FOMC) announcement and an increase in the federal funds rate.
As financial markets eagerly await the insights of the Federal Open Market Committee (FOMC) and closely monitor key national fund rates, the world's leading cryptocurrency Bitcoin has demonstrated its dynamic interaction with traditional financial indicators. This surge has refocused people on the resilience of digital currencies and their relationship with the constantly changing global economic conditions. Nomura, a major investment bank in Japan, recently launched a Bitcoin focused fund targeting institutional investors, which may be one of the reasons for the rise of Bitcoin. Despite the continuous positive news in the market, market sentiment is still hovering between neutral and neutral. Investors eagerly await the Federal Reserve's decision on the federal funds rate at the Federal Open Market Committee meeting. At the same time, the cryptocurrency market continues to grow. According to the latest data, the global cryptocurrency market value has increased by 1.3%, approaching an important milestone of $1.12 trillion.
Key points of the Federal Reserve meeting:
After the Federal Reserve announced today's interest rate decision, traders in the Bitcoin market remained cautious. The Federal Open Market Committee (FOMC) meeting will maintain the current interest rate level unchanged. Raising interest rates may trigger a sell-off of risky assets, while lowering interest rates may lead to price increases. Most traders expect the Federal Reserve to maintain current interest rates and focus on future plans. Lao Bao believes that interest rate hikes are basically in place. However, it is worth noting that strong US economic data and persistent inflation concerns have led some to expect a 0.25% interest rate hike by the end of the year.
Nomura launches Bitcoin and uses funds to stimulate Bitcoin demand:
Japanese investment bank Nomura recently launched a Bitcoin focused fund through its digital asset subsidiary LaserDigital. The token adoption fund aims to attract institutional investors and make it easier for large companies and investors to invest in digital assets. However, the fund focuses on Bitcoin as a long-term investment, aiming to provide a safe and cost-effective option. The fund collaborates with Komainu, a joint venture of Nomura Securities, Ledger, and CoinShares, to improve security.
LaserDigitala and Komainu are licensed in Dubai and adopt the Independent Portfolio Company (SPC) framework to provide investors with protection against unnecessary risks. This fund is legally registered and operates in the Cayman Islands. Sebastien Guglietta, the head of Laser Digital Asset Management, believes that Bitcoin plays a crucial role in the long-term transformation of the economy. Fiona King, the distribution director of LaserDigitalAsset Management, was excited about the launch of the fund and emphasized how it received significant funding support, providing institutional investors with a secure way into the digital world. Nomura's adoption of Bitcoin funds for institutional investors may increase demand for Bitcoin, which may put upward pressure on Bitcoin prices due to increased investment interest.
Outside the mainstream, counterfeit coins are likely to be the birthplace of 100x tokens. Here, you only need to remember three core points:
Bitcoin Price Forecast:
It is expected that Bitcoin prices will break through the key resistance level of $27500. If it manages to close above this level, Bitcoin may rise to $28200. Bitcoin is currently stable at over $27000 and has broken through the resistance level of $26800. However, the resistance level is still around $27500, with a recent peak of $27494. Cryptocurrency is currently fluctuating below the recent 23.6% Fibonacci pullback level, above the 100 hour simple moving average, and has a bullish trend line supporting it near $26800. The main resistance levels are at $27500 and $28200, and a potential rebound may push prices towards the $29500 or even $30000 range.
On the contrary, if Bitcoin fails to break through $27500, there may be a pullback, with support levels of $27050 and $26800. The latter's breakthrough may push the price up to $26200.
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