Cryptocurrency Market Steady as Rate Cut Predictions and AI Concerns Emerge
# Bitcoin and Ether Remain Steady as AI Concerns Weaken Oracle; Traders Anticipate Rate Cuts
Bitcoin and Ether have exhibited resilience amidst fluctuating market conditions, particularly following a significant drop in Oracle's stock amid rising concerns over artificial intelligence. The cryptocurrency market reacted modestly, holding steady while external factors, including economic projections, influence investor sentiment.
Recent reports indicate that analysts at Bitunix are observing a split among major institutions regarding the future monetary policy trajectory. "Major institutions are increasingly divided on the forward path," they noted, highlighting the varied outlooks on potential interest rate adjustments. Some analysts anticipate that improving inflation could pave the way for further cuts starting in March, while others propose a more cautious approach, suggesting a pause in January and a possible delay in rate easing until after June.
Market dynamics have prompted several Wall Street firms to caution that the Federal Open Market Committee (FOMC) may struggle to maintain a unified direction under the leadership of Jerome Powell. "Highlights the FOMC's growing difficulty maintaining cohesion under Powell's leadership," stated these firms, reflecting concerns over the committee's ability to navigate the current economic landscape.
As traders brace for potential shifts in monetary policy, the market's focus remains on how inflation trends will influence decision-making in the coming months. These developments will significantly shape trading strategies and market performance, particularly in relation to cryptocurrencies.
This report is for informational purposes only and is not financial advice.