Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin hits $ 103k, but long-term holders still not convinced?

2025-05-17

Rideshare Company Lyft taps bee cards for decentralized mapping data

2025-05-17

These five cryptos could steal Bitcoin’s attention because they will focus on 16,900% rallies next year

2025-05-17
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Rideshare Company Lyft taps bee cards for decentralized mapping data

    2025-05-17

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-16

    DAC platform and M3 DAO partner to bridge web3 and real-world ecosystems

    2025-05-16

    Hoskinson of Cardano rejects crypto -tribalism, reveals new details about massive ‘glacier drop’

    2025-05-16

    The new limit of reliable and scalable artificial intelligence

    2025-05-16
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    US senators make potential progress on Stablecoin bill in the midst of partisan negotiations: report

    2025-05-16

    American chairman Jerome Powell warns of future inflation, says that the economy could introduce a period of more frequent supply shocks

    2025-05-16

    Chainlink praises the guidelines of SEC and sets the stage for crypto integration in institutional finances

    2025-05-16

    Revised Genie Stablecoin Bill to Senate, Bars Big Tech from publishing tokens

    2025-05-16

    Coinbase confirms that the SEC Sun from Biden era on ‘verified users’ is still ongoing

    2025-05-15
  • Analysis

    Crypto heats up, $ 35 billion comes into the market in less than a month

    2025-05-17

    Analyst says that Top-20 Altcoin is ready to explode with 85%+ ultimately, Outlook works on Bitcoin and Dogwifhat at

    2025-05-16

    Bitcoin -price looks up – does the next leg be higher?

    2025-05-16

    Webull Pay joins forces with leading American Exchange Coinbase to Power Crypto Services

    2025-05-16

    XRP -price sinks lower, but card whisperers see a fall for the bears

    2025-05-16
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Upcoming rate hikes could be Bitcoin’s next big challenge, here’s why
Altcoins

Upcoming rate hikes could be Bitcoin’s next big challenge, here’s why

2023-05-27No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin (BTC)’s current sideways price action has investors wondering what the future holds for the world’s largest cryptocurrency. The upcoming rate hikes by the Federal Reserve (Fed) could pose the next big challenge for Bitcoin, according to to the crypto market analysis firm Blofin Academy.

Is Bitcoin Ready for the Heat of Rate Hikes?

The US economy has shown great resilience in recent months, prompting the Fed to consider raising interest rates to prevent inflation. However, this could be bad news for the crypto market as higher interest rates tend to make traditional investments more attractive, potentially leading to a decline in demand for Bitcoin and other cryptocurrencies.

The correlation between interest rates and Bitcoin’s price action has been observed in the past. When interest rates rise, investors tend to move their money into traditional investment vehicles such as stocks and bonds, leading to a decline in demand for cryptocurrencies.

However, it is worth noting that Bitcoin is often viewed as a hedge against inflation, meaning it can still be attractive to investors in times of economic uncertainty.

Bitcoin
The schedule of the Federal Reserve. Source: Blofin Academy on Twitter.

The next scheduled Fed meeting will take place on June 14, 2023, where the central bank will likely discuss the possibility of raising interest rates in response to the current state of the US economy.

Macrodeterminants keep crypto traders waiting

Noelle Acheson, owner of the “Crypto Is Macro Now” newsletter. warned against investors who are currently entering the crypto market. While the upside potential for Bitcoin remains significant, Acheson suggests there is currently no compelling reason for investors to take on additional risk.

See also  Why Bitcoin's sudden jump to $65,000 could mark a major turnaround

According to Acheson, there are currently few macro determinants, such as debt limit negotiations and the Fed’s interest rate policy, leaving investors to wait for more clarity before making major investment decisions. As a result, there is a sense of caution in the market as traders wait to see how these macro factors play out.

Despite the lack of clarity, Acheson notes that there isn’t much incentive for existing crypto holders to sell their holdings. This suggests that the current wait and see isn’t necessarily a sign of bearish sentiment in the market, but rather a period of caution as investors wait for more information.

Acheson also notes that there may be some downside movement in the near term, but belief in a potential rally is not strong enough to justify the possibility of missing out on potential gains. As a result, there has been some buying and selling in the market, but not enough to significantly increase volatility despite low volumes and liquidity.

At the time of writing, Bitcoin is trading at $26,700, reflecting a 1.2% increase over the past 24 hours. However, the 50-day moving average (MA) has placed the largest cryptocurrency in a narrow range between $26,200 and $26,800. This means that Bitcoin may struggle to surpass its current trading range in the near term, as the 50-day MA is currently at the top of this range on the 1-hour chart, making it challenging to break.

While Bitcoin has seen some upside in recent weeks, the current trading range suggests that further gains may be limited until there is a significant shift in market sentiment or the emergence of a bullish catalyst.

See also  Bitcoin Price Retests Support Line After Crashing Below $95,000, Here's the Next Target
Bitcoin
BTC’s price range and resistance on the 1 hour chart. Source: BTCUSDT at TradingView.com

Featured image from iStock, chart from TradingView.com



Source link

Big Bitcoins challenge Heres hikes Rate Upcoming
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

These five cryptos could steal Bitcoin’s attention because they will focus on 16,900% rallies next year

2025-05-17

Avalanche [AVAX] Use jumps 221% – 3 factors will decide whether $ 25 applies

2025-05-16

Crypto Bulls has just received their macro-wake-up call: here is why

2025-05-16

Building the open future: decentralized AI, infrastructure and information

2025-05-16
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Cardano consolidates in a symmetrical triangle – analyst expects a movement of 40%

2025-01-25

“Don’t sell your Bitcoin,” warns Michael Saylor

2024-03-01

Crypto Analyst Tone Vays Issues Bitcoin Warning, Warns Traders Not to Go ‘Crazy’ as BTC Surges 10% This Week

2023-10-21
Editors Picks

Charles Schwab makes the role of digital assets as fixed positions to offer crypto services: report

2025-02-18

Grayscale’s Solana ETF Push: Will This Spark a Rally for SOL?

2024-12-04

Chainlink (link) focuses on $ 19 – but only if this key support applies

2025-04-06

Solana’s NFT market is booming, with Tensor taking the top spot

2023-12-07

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin hits $ 103k, but long-term holders still not convinced?

Rideshare Company Lyft taps bee cards for decentralized mapping data

These five cryptos could steal Bitcoin’s attention because they will focus on 16,900% rallies next year

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,451.56-0.54%
  • ethereumEthereum(ETH)$2,488.23-4.12%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.37-2.07%
  • binancecoinBNB(BNB)$643.71-2.25%
  • solanaSolana(SOL)$168.95-2.21%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.217058-4.25%
  • cardanoCardano(ADA)$0.76-2.51%
  • tronTRON(TRX)$0.268758-2.84%
  • suiSui(SUI)$3.83-1.74%
  • chainlinkChainlink(LINK)$15.42-5.95%
  • avalanche-2Avalanche(AVAX)$22.81-4.53%
  • hyperliquidHyperliquid(HYPE)$27.091.35%
  • stellarStellar(XLM)$0.289998-2.42%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.63%
  • unus-sed-leoUNUS SED LEO(LEO)$8.931.24%
  • hedera-hashgraphHedera(HBAR)$0.193312-3.48%
  • bitcoin-cashBitcoin Cash(BCH)$397.97-0.52%
  • the-open-networkToncoin(TON)$3.07-1.44%
  • litecoinLitecoin(LTC)$100.520.10%
  • polkadotPolkadot(DOT)$4.70-3.70%
  • moneroMonero(XMR)$337.23-0.17%
  • bitget-tokenBitget Token(BGB)$4.96-1.26%
  • daiDai(DAI)$1.000.02%
  • pepePepe(PEPE)$0.000012-8.41%
  • ethena-usdeEthena USDe(USDE)$1.000.06%
  • piPi(PI)$0.69-20.97%
  • uniswapUniswap(UNI)$5.90-6.99%
  • bittensorBittensor(TAO)$419.63-4.68%
  • aaveAave(AAVE)$226.87-3.26%
  • nearNEAR Protocol(NEAR)$2.76-5.53%
  • aptosAptos(APT)$5.11-5.40%
  • okbOKB(OKB)$53.11-1.08%
  • kaspaKaspa(KAS)$0.114310-3.50%
  • ondo-financeOndo(ONDO)$0.92-7.40%
  • internet-computerInternet Computer(ICP)$5.22-5.16%
  • ethereum-classicEthereum Classic(ETC)$18.29-5.17%
  • gatechain-tokenGateToken(GT)$21.53-1.01%
  • crypto-com-chainCronos(CRO)$0.099112-2.07%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.42-4.15%
  • mantleMantle(MNT)$0.73-2.31%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232089-4.18%
  • vechainVeChain(VET)$0.027889-5.70%
  • render-tokenRender(RENDER)$4.55-7.26%
  • ethenaEthena(ENA)$0.378544-0.51%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • algorandAlgorand(ALGO)$0.218959-4.35%
  • filecoinFilecoin(FIL)$2.81-5.94%
  • cosmosCosmos(ATOM)$4.73-4.64%
  • bitcoinBitcoin(BTC)$103,451.56-0.54%
  • ethereumEthereum(ETH)$2,488.23-4.12%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.37-2.07%
  • binancecoinBNB(BNB)$643.71-2.25%
  • solanaSolana(SOL)$168.95-2.21%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.217058-4.25%
  • cardanoCardano(ADA)$0.76-2.51%
  • tronTRON(TRX)$0.268758-2.84%
  • suiSui(SUI)$3.83-1.74%
  • chainlinkChainlink(LINK)$15.42-5.95%
  • avalanche-2Avalanche(AVAX)$22.81-4.53%
  • hyperliquidHyperliquid(HYPE)$27.091.35%
  • stellarStellar(XLM)$0.289998-2.42%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.63%
  • unus-sed-leoUNUS SED LEO(LEO)$8.931.24%
  • hedera-hashgraphHedera(HBAR)$0.193312-3.48%
  • bitcoin-cashBitcoin Cash(BCH)$397.97-0.52%
  • the-open-networkToncoin(TON)$3.07-1.44%
  • litecoinLitecoin(LTC)$100.520.10%
  • polkadotPolkadot(DOT)$4.70-3.70%
  • moneroMonero(XMR)$337.23-0.17%
  • bitget-tokenBitget Token(BGB)$4.96-1.26%
  • daiDai(DAI)$1.000.02%
  • pepePepe(PEPE)$0.000012-8.41%
  • ethena-usdeEthena USDe(USDE)$1.000.06%
  • piPi(PI)$0.69-20.97%
  • uniswapUniswap(UNI)$5.90-6.99%
  • bittensorBittensor(TAO)$419.63-4.68%
  • aaveAave(AAVE)$226.87-3.26%
  • nearNEAR Protocol(NEAR)$2.76-5.53%
  • aptosAptos(APT)$5.11-5.40%
  • okbOKB(OKB)$53.11-1.08%
  • kaspaKaspa(KAS)$0.114310-3.50%
  • ondo-financeOndo(ONDO)$0.92-7.40%
  • internet-computerInternet Computer(ICP)$5.22-5.16%
  • ethereum-classicEthereum Classic(ETC)$18.29-5.17%
  • gatechain-tokenGateToken(GT)$21.53-1.01%
  • crypto-com-chainCronos(CRO)$0.099112-2.07%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.42-4.15%
  • mantleMantle(MNT)$0.73-2.31%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232089-4.18%
  • vechainVeChain(VET)$0.027889-5.70%
  • render-tokenRender(RENDER)$4.55-7.26%
  • ethenaEthena(ENA)$0.378544-0.51%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • algorandAlgorand(ALGO)$0.218959-4.35%
  • filecoinFilecoin(FIL)$2.81-5.94%
  • cosmosCosmos(ATOM)$4.73-4.64%