Exclusive: Crypto Analyst Michael Van de Poppe Expects 'New Highs' For Bitcoin, Ethereum If Fed Chair Powell Affirms Halt To Further Rate Hikes
Portfolio Pulse from Mehab Qureshi
Crypto analyst Michael Van de Poppe expects Bitcoin (BTC) and Ethereum (ETH) to reach new highs if Federal Reserve Chairman Powell confirms a halt to further rate hikes. BTC has been trading within a range of $29,000 to $31,500 for the past two months. Van de Poppe believes that if inflation continues to decline, expectations of further rate hikes may diminish, resulting in falling yields and a potential breakout for Bitcoin. Analysts at Zoksh Pay also noted that Bitcoin and U.S. stocks have shown correlated movements after the central bank's crisis interventions.
July 26, 2023 | 11:00 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Bitcoin could experience a breakout if inflation continues to decline and the Federal Reserve halts further rate hikes, according to crypto analyst Michael Van de Poppe.
The halt to further rate hikes by the Federal Reserve could lead to falling yields, which could in turn lead to a breakout for Bitcoin. This is based on the analysis of crypto analyst Michael Van de Poppe.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ethereum could also reach new highs if the Federal Reserve halts further rate hikes, according to crypto analyst Michael Van de Poppe.
The halt to further rate hikes by the Federal Reserve could lead to falling yields, which could in turn lead to Ethereum reaching new highs. This is based on the analysis of crypto analyst Michael Van de Poppe.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100