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Market Awaits Fed Decision, Bitcoin Consolidates at High Levels, US Stocks, Gold, Oil Trade Narrowly
Summary: According to reports, the Middle East situation remains tense overnight and this morning, as investors try to digest the inflation impact of high oil prices and shift their focus to the upcoming Fed interest rate decision. US stocks, gold, and oil are trading narrowly, while US bond yields and the dollar are both declining. Bitcoin, ...
According to reports, the Middle East situation remains tense overnight and this morning, as investors try to digest the inflation impact of high oil prices and shift their focus to the upcoming Fed interest rate decision. US stocks, gold, and oil are trading narrowly, while US bond yields and the dollar are both declining. Bitcoin, however, failed to continue its strong momentum since Monday, consolidating at $74,000.
According to Bitget market data, the three major US indices closed slightly higher, with the S&P up 0.25%, Nasdaq up 0.47%, and Dow almost flat. Energy stocks are all rising, with Exxon Mobil up 1%. Most cryptocurrency stocks are also up, with MSTR up 1.87%, BMNR down 0.68%, and CRCL up another 5.15%, breaking through the $130 mark.
According to HTX market data, Bitcoin once again failed to break $75,000, falling back below $74,000 to $73,980.53.
At 2 a.m. Beijing time tomorrow, the Fed will announce its interest rate decision. The market is already fully expecting rates to remain unchanged, and is now focusing on Fed Chair Powell's statements during the monetary policy press conference, anticipating insights into the Fed's rate direction amidst the Iran situation.
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