Opposing movements mark price action in conventional markets vs. cryptocurrency

At the end of the sixth day of the week, the uncertainty generated by the Fed minutes continues to impact the price action of both conventional markets and the cryptocurrency market, so in this post I will try to point out differential approaches.

In this sense, although traditional markets have been moving in recent days with slightly bullish openings, that has not been the fate of cryptocurrencies, which on the contrary have reacted downwards.

We may be rushing into a potential negative scenario from the FED, however, the last word on what will happen in the following weeks will be the minutes of the monetary policy meeting dictated by the FED.

Some experts dare to predict that the inflationary scenario in the United States will worsen in the following months; therefore, the FED will have no options and will have to continue with its policy of percentage increases in interest rates.

Consequently, for practical purposes, when official announcements are made, we will have to look for clues about the future agenda and the type of strategy to follow in order to coexist within the cryptocurrency market.

I say it this way, since there are high probabilities that the FED will make a restrictive turn after knowing the data that frustrate hopes of disinflation in the US territory, which will undoubtedly affect the economy and all financial structures in the world.

LaRepublica Fed to make "tightening" shift after data dash "disinflation" hopes. Link

The cover image was designed by the author: @lupafilotaxia, incorporating the public domain image background: Subvertotradingclub