Risks of the Crypto Rebound, On-Chain Outlook, Edition #19 (17/12/2021)
Cryptocurrency markets bounce back after the FOMC meeting - Bitcoin & Ethereum retesting key levels ⚡ Read the latest analysis and find out what the On-Chain metrics have to say 👇
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Equities, Cryptocurrency markets rebound after FOMC meeting
The Federal Open Market Committee (FOMC) has indicated a triple rate spike in the new year, whilst easing off the pedal for QE (quantitative easing).
Q notes an apparent alignment between the latest official statement and a perceivable shift in the attitudes of policymakers.
Further, the reappointment of US Federal Reserve Chairman Jerome Powell is an important coincidence.
Consider the likelihood of further policy sidesteps under a newly reelected Powell presiding over an American economy that faces worrying inflationary pressures - versus a Fed Chairman vying for reappointment to office.
In light of this news, Qluster Data Labs scans for refreshed insight in Ethereum and Bitcoin’s on-chain metrics that might indicate potential developments in price action for the coming week’s trading session.
Commence the assessment with…
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