Is There Such a Thing as a Bullish Rate Hike? Blockchain News, Opinion, TV and Jobs

Ben small,Analyst With a listed digital asset broker GlobalBlock

Later this week, the crypto market started on the forefront, backed by recent interest. Rate determination In the United States.

Despite the week beginning under sufficient pressure to make a decision, a green sea has emerged across digital assets ever since.

BTC has rebounded above $ 23.840k and comfortably placed market leaders within the higher range of the last six weeks. ETH has jumped 13% since the announcement reached $ 1.729k. This is a level that hasn’t been broken since early June. DeFi tokens also responded strongly, with Aave establishing prices above $ 92 (up almost 40% in June) and Uniswap up 21%.

This optimism among investors said that a more aggressive action plan from the Federal Reserve was expected, especially given the amount of political pressure being built on the government to tackle inflation. You can claim to reflect your views (no need to link the two!).

So can crypto assets maintain this momentum?

The eyes are now looking at any economic data that may conflict with the Fed’s goals. The FOMC is not only willing to hurt the state’s growth outlook seriously, but also needs to agree with the looming recession and the reality of the job market under severe pressure.

The latest US GDP release and the first unemployed billing data scheduled for this afternoon will be closely monitored. Given that Russia’s latest power play is skyrocketing gas prices in Europe, it would be interesting to see how German inflation readings come out today.

UK Cryptographic News: Law Commission Require Specific Properties Categories of Cryptography

Investor advisors across the country have long campaigned for this push. The constant struggle to fit innovative digital products into traditional categories has proven to be ineffective at best.

Proposals to create their own labels under personal property law can certainly make their lives easier and the process of regulating digital could be much more efficient. It’s interesting to see what feedback is being provided by the wider industry on these proposals, and most importantly, how the government is responding.