Global financial markets remain stable as investors await key economic data. The focus is on the latest Federal Open Market Committee (FOMC) meeting minutes and the quarterly financial report from tech giant NVIDIA, reports Coindesk.com. reports .
Major digital assets like Bitcoin and Ethereum have been trading in a narrow range over the last 24 hours. Market participants are awaiting macroeconomic signals that could hint at the US Federal Reserve's future interest rate decisions. Any hawkish stance from the Fed could put pressure on risk assets, including the crypto market.
Meanwhile, the earnings report from AI chipmaker NVIDIA is expected to impact both stock indices and crypto projects. Recently, the correlation between AI-related cryptocurrencies and Nasdaq tech stocks has increased significantly.
Currently, the price of Bitcoin is fluctuating around key resistance levels. Analysts believe that if the FOMC minutes are softer than expected, it could trigger a new growth wave in the crypto market. Otherwise, investors may start taking profits, potentially causing a slight price decline.
Read “Zamin” on Telegram!
