403
 Sorry!!
 
Error! We're sorry, but the page you were looking for doesn't exist.
 Today market analysis on behalf of Milad Azar Market Analyst at XTB MENA
(MENAFN- Your Mind Media ) Bitcoin fell more than 2% on Monday, erasing late-week gains as traders reassessed expectations for further Federal Reserve easing. The cautious tone struck by Chair Jerome Powell at la’t week’s meeting has left markets questioning the scope of the cen’ral bank’s dovish direction.  
Currently, investors assign around a 70% probability of another rate cut in December, down from 90% just a week ag’. The week’s upcoming US data releases, including ISM manufacturing and services PMI, coupled with several ’ed officials’ speeches, could prove pivotal in shaping policy expectations. Weak data or dovish remarks could weigh on US treasury yields, benefiting riskier assets like Bitcoin.
On the bright side, global trade talks developments could limit downside risks. The White House confirmed that Washington and Beijing have agreed to pause new tariffs and roll back several trade measures. The move could favor risk appetite and help reduce downside risks for Bitcoin.
  
   
Still, crypto-specific pressures persist. Bitcoin ETFs posted USD 191 million in outflows on Friday, bringing the weekly total to nearly USD 800 million. Liquidation data also reflected bearish positioning, with over USD 425 million in long positions versus just USD 60 million in shorts in the past 24 hours.
  
 Currently, investors assign around a 70% probability of another rate cut in December, down from 90% just a week ag’. The week’s upcoming US data releases, including ISM manufacturing and services PMI, coupled with several ’ed officials’ speeches, could prove pivotal in shaping policy expectations. Weak data or dovish remarks could weigh on US treasury yields, benefiting riskier assets like Bitcoin.
On the bright side, global trade talks developments could limit downside risks. The White House confirmed that Washington and Beijing have agreed to pause new tariffs and roll back several trade measures. The move could favor risk appetite and help reduce downside risks for Bitcoin.
Still, crypto-specific pressures persist. Bitcoin ETFs posted USD 191 million in outflows on Friday, bringing the weekly total to nearly USD 800 million. Liquidation data also reflected bearish positioning, with over USD 425 million in long positions versus just USD 60 million in shorts in the past 24 hours.
   Legal Disclaimer:
 MENAFN provides the
              information “as is” without warranty of any kind. We do not accept
              any responsibility or liability for the accuracy, content, images,
              videos, licenses, completeness, legality, or reliability of the information
              contained in this article. If you have any complaints or copyright
              issues related to this article, kindly contact the provider above.

                
                
                
                
                
                
    
                       
                       
                       
                       
                       
                       
                       
                       
                       
Comments
No comment