Reddit Posts
Importance Of Kaspa Increasing BPS & TPS
BTC fell below 29k - all you need to know [SERIOUS][NO MOONS]
BTC fell below 29k - all you need to know [SERIOUS][NO MOONS]
Recent developments on the NANO (XNO) network.
Binance-Australia's Derivatives License CANCELLED, ASIC Announced Thursday
Fed hikes 25BPS, Bitcoin vs Banks who goes down next?
ECB Sticks to Rate Hike of 50 BPS; U.S. Federal Reserve to Follow Suit?
Markets are now pricing in 50 BPS rate hike. A short look at current BTC price
Kaspa - Embracing and Improving the Nakamoto Consensus
Kaspa - Embracing and Improving the Nakamoto Consensus
Kaspa - Embracing and Improving the Nakamoto Consensus
What just happened? CPI release ( 7.1% ) and the chart
[SERIOUS] This week will have guaranteed high volatility
This week will have guaranteed high volatility
Australian Securities and Investments Commission sues BPS (Qoin) for Misleading Statments.
What do you think CPI report is going to be this week?
Bitcoin Falls to $19k as Federal Reserve Announces 75 BPS Rate Hike
Crypto Markets Add $100 Billion Following the Fed's 75 BPS Rate Hike (Market Watch)
Biggest BTC Whale unloaded 61K BTC. Sold or What?
Biggest Whale has unloaded 61k BTC in just 2 Days.
Bitcoin price falls on news that Federal Reserve has raised key interest rate by 75 BPS
US Inflation Could Be Worse Than Expected, Goldman Sachs Says — Atlanta Fed President Favors 25 BPS Rate Hike
My time spent in a pump-and-dump discord and the harsh reality it brought to me.
Mentions
That's just phase 1 :) take a look at BPS in 2026 when Kaspa will be all mined out.
Yes, and FOMC in 8 days. Rates are expected to remain unchanged (97% probability) at 525-550 BPS.
Cramer could have asked "What has freedom ever done for mankind?" as well. He clearly suffers from BPS (Bitcoin Pomo Syndrome).
It's the fastest Layer-1 PoW in the space, created by Yonatan Sompolinksy who (with Aviv Zohar) created the GHOST protocol which is used in numerous projects in the space for consensus (such as Ethereum and Ada). Kaspa uses a version of that called GHOSTDAG (the first GHOSTDAG protocol) and a new implementation called DAGKNIGHT. What makes DAGKNIGHT so transformative is it's ability to scale the Nakamoto consensus to the latency of the speed of the internet rather than setting an upper bound value explicitly which all other projects in crypto have done. This allows Kaspa to scale, with Bitcoin's security, to 100 BPS and able to transact faster than Visa and Mastercard. Additionally, this allows Kaspa to be MEV resistant and will be the fastest, decentralized, Layer 1 that allows smart contracts (this part is still in development as they complete DAGKNIGHT implementation into Kaspa). There was no pre-mine or founding authority, and the coin was fair-launched without any investors/pre-sale/etc. All coins have been minted through mining like Bitcoin. The halving schedule is yearly rather than every four years like Bitcoin. Additionally, since launch, it has been the highest performing asset in the entire crypto space. Literally no project since it's inception has grown in price more than Kaspa. It's the hardness, security and fairness of Bitcoin with smart contracts and throughput of 100 blocks per second. Top-25 crypto project without a single major US listing.
KASPA which was 100% fairly launched has already solved the trilemma. Doing 1 BPS on Mainnet and 10 BPS on Testnet smoothly. 100 BPS is what KASPA is aiming for in the future. And with such giga OGs experienced devs, I don't doubt that.
By BPS if you mean basis points... You have to count withdrawal fees too. Most people buy 10-20$ at a time and withdraw after a few hundred dollars if that.
Kaspa already has 10 BPS up and running on their public testnet
That's utterly pointless and 1 block confirmation is basically worthless at 10 BPS. I'd want to see at least 100 confirmations at that speed to trust a small payment sent to me. I don't understand their fixation with 10 or 100 BPS. 1 was already more than enough. That development time would have been better spent on smart contracts. I'm even a KAS holder, have been holding since June 2022.
Don’t skip Kas, POW so no security risk, also blockdag 10BPS
BPS is blocks per seconds . Bitcoin is like 1 block per 10min while KAS currently is like 1 block per second and soon after rust update it will be 10blocks per second and the goal is 100block per second. https://youtu.be/jsqAEYADee4?si=srETzrrc_q1UJ-rH
No minting hack, there was an exploit on the BSC bridge but users were refunded in like 24hrs it was pretty well handled. The native network has been very secure running for two yrs now. KAS has got a good thing going and it's great that ppl are checking out new networks, don't worry about other projects making comparisons, it's healthy. Whats BPS?
$KAS is Satoshis vision 2.0 It does everything BTC does now, and also does everything BTC outlined that it wanted to do in the whitepaper. Yonotan Sompolinsky the Creator of KAS wrote a peer reviewed white paper on GhostDag the protocol that Kaspa uses not too long after the BTC whitepaper was released. It has been reference din the Ethereum whitepaper by Vitalil but Erin and somewhat implemented into Ethereum also. KAS actually improves on GhostDag with DagKnight. It currently produces 1 block per second as opposed to BTC's 1 block per 10 minutes, and they are testing 10 BPS currently which should be bought to public testnet in the next few weeks, the next aim is 100 BPS, this will be needed to service a finical system that can service the population. Don't confuse BPS with TPS (transactions per second) currently that l sits at 300-400 TPS which will 10-100x with the upgrades. It does all of this and does not compromise the security of the blockchain solving the blockchain Trillema. It has been enthusiastically spoken about by Charles Hodgkinson and a lot of other prominent figures in the space. Heck even Solana have just said they are going to introduce Dag hybrid technology to their blockchain aswell. There is a reason it reached 1bn marketcap even though it was released in the depths of the bear market last year and there is also a reason it continues to rise with the pump we are currently having smashing ATH's on a regular basis.
I am in $KAS and I believe we still have significant room for growth. They are currently testing 10 blocks per second on a private testnet which if successful will be implemented in the next few weeks and then they are going for 100 BPS which is unheard of in POW It's Hashrate has increased significantly in a short space of time. They still have smart contract implementation sometime soon. So still a lot going for it and if successful, which with a team that has been referenced in the Ethereum whitepaper and Vitalik based part of ETH on KAS technology I think it will be successful. I think another 10x isn't out of the question, most maxis will tell you it will steal #2 spot in the coming years. But obviously you have to take maxis with a pinch of salt. I personally think we have a 50x in there still.
No blockdag tech is revolutionary.GHOSTDAG is the fastest blockchain trilemma-solving PoW as of today, capable of achieving a robust amount of BPS without sacrificing decentralization, accompanied by instant transaction confirmations determined by network latency - not by the protocol. Also communigy driven by design.
Stock futures will open -50 BPS while BTC still hovers around Friday close high. Do with that information what you want
Fair launch, POW BlockDAG, unique consensus protocol that will make Kaspa easily the most scalable and efficient decentralized L1 (DAGKNIGHT), the founder is a crypto legend and mentioned in many important whitepaper's including ETH, fully decentralized, unique emissions schedule, great community and a very clear focus on the goals of the project (among others). The primary focus right now is to finish a Rust re-write for improved performance (10 BPS and this is currently in beta on mainnet) and then to implement the DAGKNIGHT protocol. Following those improvements on the base-layer, then smart contracts are the next implementation. The devs are top-notch, but the theoretical basis for the project and Shai/Yonatan are what really sell it for me. It's easily the top performer this year in the top-100, even though it has still yet to be listed on a major US exchange. It has the same ethos/principles behind BTC, but with the tech to bring it to the next level.
I've watched Panorama's documentary yesterday on BBC if anyone is interested, it was good to see it from the non-crypto community point of view: https://www.bbc.co.uk/iplayer/episode/p0gffn3y/panorama-downfall-of-the-crypto-king-extended-version#xtor=CS8-1000-%5BEditorialPromo\_Box%5D-%5BNewsEditorial\_Promo%5D-%5BNewsEditorial\_Promo%5D-%5BPS\_IPLAYER\~N\~p0gffn3y\~P\_cryptoking%5D
It's on BBC, you have to be based in the UK or use a VPN to watch it. https://www.bbc.co.uk/iplayer/episode/p0gffn3y/panorama-downfall-of-the-crypto-king#xtor=CS8-1000-%5BEditorialPromo_Box%5D-%5BNewsEditorial_Promo%5D-%5BNewsEditorial_Promo%5D-%5BPS_IPLAYER~N~p0gffn3y~P_cryptoking%5D
Damn 2021 class has to be heavily underwater to care that much about Feds nowadays So tell me OP if it all comes down to the rates & pivot, how comes BTC hit it's lowest at $15,500 when rates were below 400BPS and is now holding 26k at 525 BPS ?
Btc was the first version, Kas is the improved and final version, PoW blockdag running on DagKnight. 10BPS on mainnet soon, will eventually be 32BPS or more, solves the trilemma. Look into the founder Yonatan Sompolinsky and you will see
U.S CPI (YOY) (AUG) ACTUAL: 3.7% VS 3.2% PREVIOUS; EST 3.6% US Aug Consumer Prices +0.6%; Consensus +0.6% US Aug CPI Ex-Food & Energy +0.3%; Consensus +0.2% US Aug Consumer Prices Increase 3.7% From Year Earlier; Core CPI Up 4.3% Over Year US Aug CPI Energy Prices +5.6%; Food Prices +0.2% US Real Average Weekly Earnings -0.1% In Aug GASOLINE CONTRIBUTED TO MORE THAN 50% GAIN IN THE US CPI IN AUGUST U.S. DOLLAR INDEX UP 0.32% TO 104.90 AFTER STRONGER-THAN-EXPECTED US CPI DATA U.S. TREASURY YIELDS RISE AFTER CPI DATA; 10-YEAR YIELD UP 7.20 BPS ON DAY AT 4.336% Important news that impacts crypto
Don't get me wrong I love Kaspa, but why are they spending all this effort on pushing 10 blocks per second? 1 block per second is already more than enough, and comes with enough overhead as it is. You're still going to have to wait for about the same period of time for block confirmations for the same level of security guarantee too. With 10 BPS, it'll take roughly 100 blocks to guarantee the same security as 10 blocks does now and both cases will take 10 seconds.
L1, not listed yet on any of the major exchanges, 10BPS, aiming for 100 this year, endless scalable, had a fair launch, no ICO. And there’s a faucet..
Fair launch, POW BlockDAG, unique consensus protocol that has the potential to be allow it to easily be the most scalable and efficient decentralized L1 (DAGKNIGHT), the founder is a crypto legend and mentioned in many important whitepaper's including ETH, unique emissions schedule, great community and a very clear focus on the goals of the project (among others). The primary focus right now is to finish a Rust re-write for improved performance (10 BPS) and then to implement the DAGKNIGHT protocol. Following those improvements on the base-layer, then smart contracts are the next implementation. The devs are top-notch, but the theoretical basis for the project and Shai/Yonatan are what really sell it for me. It's easily the top performer this year in the top-100, even though it has still yet to be listed on a major US exchange.
Another 125 BPS will basically bankrupt the US, they are already spending as much for interest rates on their debt as for their military.
FOMC was the meeting of the federal reserve today announcing the 25 BPS rate hike, a speech of the chairman Jerome Pausenbrot and an interview afterwards
FED HIKES INTEREST RATE BY 25 BPS TO 5.50% Powell speech in 30min
In ~7,5h the 25 BPS rate hike ( my bet I’m very sure ) will be announced. Half an hour later follows even more volatility due JPow speaking
All short term noise. They will raise rates by 25 BPS tomorrow, Powell will say the same things he’s been saying since January & derivatives will drive intraday price action. Nothing of this will matter even in half a year from now
**leftover Macro this week** **Tuesday:** - MSFT, GOOG, V earnings - Home Price Indices **Wednesday:** - META earnings - New Home Sales & Permits - FOMC **Thursday:** - AMZN, MA earnings - Jobless Claims - Pending Home Sales - US GDP (preliminary) - ECB meeting - BoJ meeting **Friday:** - Personal Income & PCE BTC closed -3% today after a larger sell off with no signs of recovery. However investors & traders are speculating heavily on more price action in the short term leading to outstanding high open interest - more volatility will come this week. Big week for the feds as well as PCE inflation data. Earning season also continues with some notable tech/fin names included above, among many others. I’m expecting a 25 BPS rate hike on FOMC. Earnings will be interesting since the last weeks tech earnings dragged down the tech sector from close to ATH. A further decline & correction might have a negative impact on BTC.
It will guaranteed do a 25 BPS rate hike this week please do not bet on a pause
Macro this week **Monday:** - Flash PMI's **Tuesday:** - MSFT, GOOG, V earnings - Home Price Indices **Wednesday:** - META earnings - New Home Sales & Permits - FOMC **Thursday:** - AMZN, MA earnings - Jobless Claims - Pending Home Sales - US GDP (preliminary) - ECB meeting - BoJ meeting **Friday:** - Personal Income & PCE big week for central bank meetings as well as PCE inflation data. earnings season also continues with some notable tech/fin names included above, among many others. I’m expecting a 0.25 BPS rate hike on FOMC. Earnings will be interesting since the last weeks tech earnings dragged down the tech sector from close to ATH. A further decline & correction might have a negative impact on BTC.
People are slowly realizing that no other network can do what Kaspa does. Or do you know any network that can even compete with it's current 1 BPS? Not even to speak of 10 BPS currently in the testnet. Some guy posted an order of miners for over 2.4 million $ on the discord. A ton of mining money is entering and money follows the hashrate.
Do you guys actually think FED and Jpow will follow through with 2 more 25 BPS rate hikes?
Kaspa is a layer one that was developed to solve the blockchain trilemma. Traditional crypto must limit their BPS to limit “orphan” blocks. Kaspa leverages a BlockDAG architecture to allow fast, scalable, and secure transactions without sacrificing decentralization. Kaspa can accomplish more TPS than visa while holding identical decentralization and security as bitcoin which is what we want right? No one has a blockdag except kaspa.
\*FED RAISES BENCHMARK RATE 25 BPS TO 5%-5.25% TARGET RANGE \*FED OMITS PRIOR LANGUAGE THAT SIGNALED MORE HIKES AHEAD Pack it up it's over.
The Federal Reserve raises interest rates by another 25 BPS. Yay! So that was already priced in. Another nothing burger. So dumb.
500-525 BPS 87.0% probability. Source: https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
Coinbases business model is unsustainable. It's a race to near zero for fees and coinbase earns 5% on their users assets. That's fucking absurd. Fidelity schwab and others earn between 25-50 BPS on their users assets.
Except now we’re talking 50 BPS in may, not exactly bullish. I stopped buying around 23k
25 BPS almost confirmed. 45 minutes to go. Lets see if daddy Powel fks all of america at once by dropping a 50bps bomb.
#FOMC Tonight at 11:30PM IST Expectations : 50 BPS hike = Bearish 25 BPS hike = Neutral 0 BPS hike = Bullish 25 BPS cut = Very bullish
Powell should just say fuck it and announce a 75 BPS rate hike
From tightening to straight up possible 0 BPS... and cash inflow And Powell said how he is determined to fight the inflation xDD
>FED swaps now shows a 100 BPS rate cut by December from its expected peak. We went from a 50bps hike last week to a 100bps cut in december in merely a week.
JUST IN: 🇺🇸 FED swaps now shows a 100 BPS rate cut by December from its expected peak.
JUST IN: 🇺🇸 FED swaps now shows a 100 BPS rate cut by December from its expected peak.
CPI came in at 6% just as expected. Bank failures will not make the Fed change course, expecting 25 BPS hike to go ahead. Bullish.
CPI comes much lower than expected, FED hikes 0BPS and Powell says nice things about future.
Imagine Powell dropping a 100BPS bomb tomorrow?
Current rate probabilities Pause: 5% 25 BPS: 95% 50 BPS: 0%
Spx and its futures are trading at a 40BPS difference MY GOD
Markets have "priced" in the 50 BPS, thus the huge recent downwards jump in the markets followed by sideways movement today. If you are reacting to this news today you're already too late and are probably the sort that sells low to "time" the market only to buy in after it jumps 10%...
So we’re gonna have to wait until the 14th March then? Any predictions for the BPS? 25 or 50?
6% not likely. 5ish yes. Inflation just isn’t going down fast enough. They will have to do more damage to tame it but the reality is that inflation will be stuck at 4%. 4 is the new 2. Too bad this sub thought inflation war was over last BPS hike when they failed to realize CPI was a lagging indicator
There's a possibility the rate hikes we've been getting so far may not be enough to tackle inflation, so a soft landing would not materialize. Three more 25 BPS rate hikes are expected, but if JPow changes his mind, an actual recession is on the horizon. Stocks will react negatively and so will crypto. Plan for a turbulent year.
Let's say that, contrary to popular sentiment, they announce a 50 BPS and everything dips 10-20% What are you buying?
There's way too much confidence in a 25 BPS hike. Rates currently sit at 4.25%-4.50% after all these hikes that ended the 0% era: 25, 50, 75, 75, 75, 75, 50.... The pattern is obvious... too obvious. Everything points towards 25 BPS, which even makes sense if they're going to have 8 meetings this year to increase a further 2% before they settle on 6.25%-6.50% for a quarter or two before pivoting. Is there any reason the Fed would do 50 just to fuck with everyone? Would they have any justification?
This month's paycheck is ready for whatever happens tomorrow. 25 BPS hike pump, dump and crab? Ready. 50 BPS hike dump, pump and crab? Ready. 75 BPS dump, dump, and dump? READY.
One would only think he'd be hawkish considering he does not want the stock market to rally yet. I'm secretly (well not so secret now) hoping he raises 50 BPS!
They will 100% raise by 0.25 no worries. It’s more about for how long they’ll keep it up or if they do another 25 BPS
It won't pivot, it'll reduce BPS increases, hold, and then start reversing at the end of this year or beginning of the next one.
Well let's hope for the 25BPS so can go to 25k
In case anybody cares here’s some which analysis where things might go the next week: Bitcoin is holding very well after the parabolic short squeeze that surprised everyone. Breaking the 200 MA attracted a lot of traders back fueling even more green. Generally the macro economics are looking better which is the main reason for the 2023 green also clearly visible in the stock market. Inflation being under control is priced in, rate hikes priced in and avoiding a full recession let’s the market react very euphoric. Economy is still strong same as consumer confidence even after all the rate hikes & inflation. The problem: chance for a double inflation cycle. The fed knows cooling down to 4-5% YOY ( CPI is a lagging indicator they are already way closer to their 2% goal ) is not sustainable enough therefore it’s a question how long the rate hikes will stay up until they fully pivot. ( 25BPS is somewhat already a pivot ) Fully pivot means fed basically tells the market they’ll weakening the dollar which can temporary fuel all assets but usually only occurred when things already looked really bad ( which is not the case ) 25 BPS rate hike will most likely happen ( almost guaranteed ) and the entire market expects it. If they actually out of nowhere hit it with a 50 BPS you can expect a sharp dump of 6-10% on BTC and across all crypto assets on just the news and more next days. If the fed is hawkish or has hawkish plans after announcing 25 BPS it’s gonna be blood similar to the last announcement. If they actually sound positive after the 25 BPS announcement it could easily lead to a 25k+ BTC and holding that range
No it’s the GDP not cooling down, inflation still being up and PCE coming in most likely hot tomorrow 25 BPS will happen but Jpow will be hawkish af
basically economy is slowing down which was somewhat bullish causing lots of green in the pre market and at open until the fed suddenly announce that a 50 BPS hike might be possible / discussed. Consider the 93%+ priced in 25 BPS the uncertainty & profit taking hit the market quickly
Close. It’s not the spy because crypto isn’t always 1:1 correlated. It’s the macro economic outlook that shifted of a weaker economy yet hawkish fed considering a 50 BPS while 90% of investors priced in a 25 BPS
50 BPS back on the menu as FED will discuss the possibility at the meeting Uh oh
Exactly. Inflation is sticky, the FED still has a target for interest rates. A 50 BPS is still in the cards.
So much of this is wrong First it’s 25 BPS not .25 BPS. 100 BPS=1% 25 BPS=.25% Second the Fed hasn’t announced that at all. Traders just read into their remarks very deeply. Third 75 has been out of the question for a while now. Traders had it as a 75% chance of a 25 bps increase and a 25% chance of 50 bps for the last 3 weeks or so. After remarks this week it’s moved past 90% chance of 25 bps.
This is what we call a bull trap, not a bull run. Get ready to get wrecked when ole J Powell ups rates 25 BPS as expected and the market freaks out and tanks back down. Even though they all saw it coming for weeks to months.
Time to price in couple of 25 BPS hikes?
Luke’s been around a long time. This all makes perfect sense to me. The first time I met Luke on IRC I knew he was legend. But also that first day they whoisd my up block on join and started asked me questions about my employer and so forth… yeah you never come back without a BPS or a cloaked hostmask after that Like I said this makes sense to me. It sucks for Luke but it makes perfect sense Luke, around the time we met I started to 404 my internet imprint- it looks like you kept up the same story arc
It’s true chances are slightly above 50:50 that the next rate hike will be 25 BPS. But that’s because the fed switched plans from “no rate hikes in 2023” to “rate hikes will continue through 2023 until goal reached”. And they might even continue through Q1 2023 raising by 25, hold that level with the goal of 1-2 months of **deflation** and a pivot in June / July. This is why the markets have been dumping heavily since CPI release. Or in other words: **priced in** lol
even the last rate hikes effect is not visible rn and we are going down in inflation numbers. Now we have added 50 BPS to it. by mid 2023 things should be back to normal.
A couple weeks ago Cramer said it wasn’t too late to leave crypto, thus ushering in the bottom and giving way to dovish Fed and lower BPS hikes. All hail the inverse Cramer! Now he claims he’s reassured by Binance…there is no clearer signal brothers. Binance will crumble! All hail the inverse Cramer!
Since a lot of people are asking here’s a quick summary: 50 BPS was expected. It’s all about the other releases. A majority of FOMC participants see core PCE decelerating to 3.5% at the end of 2023, vs a projection of 3.1% in the September forecast round - which is hawkish Two officials see negative GDP growth in 2023. Most see the economy expanding 0.5% under appropriate policy. - which is also hawkish Rate hike will continue at least 0.75 through 2023 There are algorithms that trade immediately based on these statement JPow is not convinced whether we will experience a recession or not Fed higher estimate for inflation in 2023 compared to September
Just got back on and trying to catch up with the news. BTC dumping back below $18k so I assumed they said something not expected, but wasn't 50 BPS the expectation? Or did I get it wrong?
**Since a lot of people are confused:** 50 BPS was expected. It’s all about the other releases. A majority of FOMC participants see core PCE decelerating to 3.5% at the end of 2023, vs a projection of 3.1% in the September forecast round - **which is hawkish** Two officials see negative GDP growth in 2023. Most see the economy expanding 0.5% under appropriate policy. - **which is also hawkish**
Lol 50BPS is bullish. I feel bad for people selling rn.
[https://twitter.com/DeItaone](https://twitter.com/DeItaone) FED HIKES INTEREST RATE BY 50 BPS TO 4.50%
I guess yes, notheless, there are some people out there calling out 25 BPS... I don't really believe that, but imagine we would go to 20K. but I mostly agree with you. White swamp event (end of the war) could mean a f\*\*\*\* crazy rally/bull
It’s 100% gonna be 50 BPS I’d my guess but JPow will continue speaking uncertain which mich lead to lots of profit taking
Imagine only 25 BPS today.
Crab until market opens -> copy paste SPY until FOMC -> 50 BPS rate hake will be announced -> some green -> cool off afterwards
if I would take a random guess it’ll pump on the 50 BPS news but might fall a hour later when things look bad
The absolute mindfuck and classic would be a positive CPI, a 50 BPS as expected, pump hard just for the fed to sound hawkish and it just bleeds the next weeks lol
I feel like we might see a decent pump if the FED only raises the BPS by 50 points
I personally don’t see CPI hitting below estimate. While oil prices have been falling the economic data in the last weeks remained strong. My guess on the FOMC meeting will be a 50 BPS rate hike decision followed by euphoria but a more hawkish Powell resulting in uncertainty consider the already strong stock market in the last weeks.
This week is being labelled as Super Central Bank Week because not only the US but also European and British central banks will announce interest rate decisions at a similar time. Expected numbers for US: -7.3% CPI (0.3% MoM), previous 7.7% (0.4% MoM) -6.1% Core CPI (0.3% MoM), previous 6.3% (0.3% MoM) -75% odds for 50BPS increase, 25% for 75BPS
Realistically speaking, if CPI matches the estimate and rate hikes are raised by 50BPS, what kind of price movement can we expect? Besides 100k BTC EOY, obviously.
78.2% chance for 50 BPS, 21.8% chance for 75 BPS. Then additionally whatever outcome the meeting has will have another impact on the markets. CPI estimate will be hard to hit with recent economic data
Depends. I personally trade accordingly and would even bet on a nice green run up of shorts covering combined with ~~gamblers~~ traders betting on good CPI release. A bad CPI release can send Bitcoin straight back towards 15k and the following FOMC could make it even worse. With good CPI, a 50 BPS rate hike and **not hawkish fed** chances are solid for a small Christmas rally
Important data for today ( new daily ) : In 1:30h China Inflation rate release In 13:30h : USA PPI data In 15:00h : Michigan consumer sentiment prel. Nothing that important on Monday before CPI. Chances are high that tomorrow will be the last Data release for big money to make their decisions how they will trade their crypto accordingly. Tuesday : CPI release Wednesday : FOMC meeting ( interest rate hike 80% expect 50 BPS | 20% expect 75 BPS )
Got a bad feeling CPI estimate will be missed next week… I don’t think a 75 BPS rate hike will follow but it’ll be enough to put huge selling pressure on crypto if the stock market dumps.
CPI & FOMC next week. Shitty cpi can easily crash crypto and 75 BPS hike might actually kill majority of alts That being said chances are fortunately low
If it’s bad we might see a 75 BPS crashing the markets and crypto most likely to a capitulation