Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Bitcoin rebounded above $43,000 as analysts highlighted the possibility of a rate pause at the Federal Reserve’s January meeting.
ADOPTION NEWS

Bitcoin rebounded above $43,000 as analysts highlighted the possibility of a rate pause at the Federal Reserve’s January meeting.

By Crypto FlexsJanuary 16, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin rebounded above ,000 as analysts highlighted the possibility of a rate pause at the Federal Reserve’s January meeting.
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin BTC

+0.20%
Prices rebounded on Tuesday as analysts suggested the possibility of a U.S. interest rate freeze at the Federal Reserve’s next meeting in late January could support digital assets.

The price of the world’s largest cryptocurrency by market capitalization has risen more than 1.4% in the past 24 hours, rising to $43,071 at 11:34 a.m. ET, according to The Block’s pricing page.

Bitcoin price is up more than 1.4% in the last 24 hours. Image: Block.

Possibility of Fed interest rate freeze

In 15 days, the Federal Reserve is scheduled to meet to determine the direction of the central bank’s monetary policy. According to the CME FedWatch tool, there is a 97.4% chance that the Fed will remain in its current target range of 5.25% to 5.50%.

Bitfinex analysts said a rate freeze in January would “provide relief to the strained banking sector and tepid stock markets, along with a potential upside for Bitcoin.”

Analysts also pointed to a summary of economic outlook that predicted the central bank would cut policy rates by about 75 basis points throughout 2024.

“These potential cuts are viewed as measures to strengthen the economy, especially if inflation continues to be consistent with the Fed’s stability objectives. However, the timing and size of these rate cuts are critical. A premature or excessive cut could lead to a resurgence in inflation.” “A minimal cut could hinder economic growth,” Bitfinex analysts told The Block.

However, on-chain indicators indicate increased selling pressure on the digital asset, with Bitcoin exchange holdings steadily increasing since late December. According to data from CryptoQuant, the floating supply of Bitcoin on centralized exchanges increased from about 2,060,000 to about 2,101,400 last month, an increase of more than 2%.

Bitcoin exchange holdings have steadily increased since late December. Image: CryptoQuant.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

BTC, ETH, BNB, SOL, XRP, DOGE, TON, SHIB, ADA, AVAX

June 7, 2024

Rep. McHenry seeks action to repeal SEC accounting bulletin ‘across the finish line’.

February 2, 2024

Ethereum Scaling Fragmentation Could Corrupt Network Leads

March 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.