So if there is regulatory clarity and the guardrails are defined, and large banks and financial institutions know what they can play in, they will likely play in that space. It’s just a matter of getting that clarity which we just don’t have today. Yeah, so I feel like 2023 might be a year of sideways action, mostly.
Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. The Consumer Price Index (CPI), which will be released on Thursday, is another critical US economic indicator for crypto market participants to watch. The data measures inflation through changes in consumer goods and services prices. Winds have already been shifting in favor of a broader institutional reentry. Securities and Exchange Commission rescinded Staff Accounting Bulletin (SAB) 121, easing restrictions on how publicly traded companies treat client-held crypto assets. That move removed a major roadblock for banks and institutions to participate in crypto custody and lending.
Technical Analysis
While such indices don’t predict price movements, they often reflect broader shifts in investor thinking. “US Core Inflation Rate and CPI (Thu10) and Initial Jobless Claims (Thu10) are top-tier market movers, likely impacting USD, bond yields, and Fed rate expectations amid tariff uncertainties,” one user noted. However, rising continuing claims suggest that job-finding challenges persist. JPMorgan is the first Wall Street bank to forecast a US recession following Trump’s tariffs. According to the bank, the FED might be forced to cut rates before the next meeting.
- Notably, the next FOMC meeting after the April 9 minutes will be May 6-7, 2025.
- U.S. spot ETH ETFs saw net outflows of $228 million in Q1, compared to net inflows of over $1 billion for bitcoin ETFs.
- “US Core Inflation Rate and CPI (Thu10) and Initial Jobless Claims (Thu10) are top-tier market movers, likely impacting USD, bond yields, and Fed rate expectations amid tariff uncertainties,” one user noted.
- Strong sentiment might also reduce recession fears, indirectly supporting crypto by maintaining market liquidity.
- Right now, I do think that Congress and regulators are in that education mode.
- So if there is regulatory clarity and the guardrails are defined, and large banks and financial institutions know what they can play in, they will likely play in that space.
Before the last Bull Run, there was a lot of builder activity in the space and major household names began announcing initiatives in crypto. Firms like Visa, Mastercard, PayPal and Square, and others, released products and services in the space and that built a foundation for bullish sentiment which led into that Bull Run. It’s unlikely that we will see similar announcements in 2023, so we’re kind of missing that foundation. We’ll still experience volatile swings, but I feel that they could just as equally go both ways, either up or down.
Bull vs. Bear Markets: What They Mean for Bitcoin and Crypto
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How to Calculate Cryptocurrency Market Cap?
And there are certainly people in congress that are saying we need to regulate the heck out of this. It’s just too soon to say which side it will be closer to at this stage. But we’re trying to keep our finger on the pulse of regulatory developments so that we can get a better sense of what’s going to happen.
Volmex Implied Volatility
The differences between a bull and bear market are simple yet complex. A bull market fuels optimism, risk-taking, and price surges, while a bear market brings fear, sell-offs, and a test of investor resilience. These events collectively shape the crypto market sentiment this week, intertwining monetary policy, economic health, and investor psychology.