The Cryptomarkt had an eventful week, in which political tensions and economic uncertainty led to considerable price movements. Nevertheless, sentiment seems to be carefully tilting, with increasing attention to possible interest rates by the American Federal Reserve.
Sales pressure increased due to political uncertainty
Prior to a speech by President Donald Trump, in which he announced new import duties, large amounts of Bitcoin (BTC), Ethereum (ETH) and XRP were unusually moved towards stock markets. According to a data analyst from Cryptoquant, it was thousands of bitcoins and tens of millions of XRP in just one hour. Such movements often indicate sales intentions of larger investors.
At the same time, volatility on the cryptomarkt increased considerably. Rates rose briefly, but immediately fell back after the announcement of the rates. Global stock markets also received a tap, which increased the pressure on crypto extra.
The attention is now quickly moving towards the American interest rate policy. The market praises four interest rates in front of 2025 of 0.25 basic points, spread over June, July, September and December. Lower interest rates make borrow cheaper and usually weaken the dollar, which makes investments in alternatives such as Bitcoin more attractive.
QCP Capital from Singapore reports that many investors speculate on new interest rates, especially if the labor market in the US shows signs of cooling. The Non-Farm Payroll report, which will be published on Friday, could give that indication. A weaker than expected figure reinforces the prospect of interest rates, and therefore a possible revival for crypto.
Positions phased out, opportunities for recovery
At the same time, figures show that many traders have recently closed their lung positions, resulting in a ‘lighter’ positioning in the market. According to QCP Capital, that also means that most sales pressure may now be behind us, and the room for a recovery moment increases.
The rates of Bitcoin, Ethereum and XRP stabilized in early trade on Friday, with Bitcoin remained above $ 83,100, Ethereum broke through the border of $ 1,800, and other big names such as Solana (Sol) and Cardano (ADA) rose more than 2%.
Although the short term remains unpredictable, the idea grows that a combination of oversold markets, light portfolios and upcoming economic data clears the way for an upward movement. Investors are looking forward to the next signal from the US economy.
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Source: https://newsbit.nl/bitcoin-ethereum-en-xrp-klaar-voor-prijsherstel-nu-de-aandacht-verschuift-naar-renteverlagingen/
