• Federal Reserve Chair Jerome Powell suggests a possible abatement in rate increases.
• Cryptocurrency market is offering sound investment opportunities.
• AiDoge presale has become a major talking point in the cryptocurrency market, raising over $10 million so far.
Federal Reserve Suggests Abatement of Rate Increases
The battle between Bitcoin and the $27,000 mark continues, with the cryptocurrency struggling to make headway in the face of mounting economic challenges. However, a ray of hope is beginning to break through the macroeconomic clouds as Federal Reserve Chair Jerome Powell suggests a possible abatement in rate increases. In the face of mounting cryptocurrency market uncertainty, what are the best cryptos to buy now?
Powell’s Views on Monetary Policy
At the inaugural Thomas Laubach Research Conference, Powell suggested that financial strains might obviate the need for previously forecasted high interest rates. He indicated that ongoing effects may tighten credit conditions and could potentially hamper economic expansion, employment, and inflation. This could lead to central bank policy rate not needing to climb as much as initially expected to reach its objectives.
CME FedWatch Tool Predictions
According to CME FedWatch tool predictions, about 78% of traders forecast that U.S. central bank will halt rate increases in its approaching policy gathering in mid-June. A significant portion also speculates about a potential rate reduction later this year.
Cryptocurrency Market Investment Opportunities
Despite ongoing challenges, the cryptocurrency market continues to offer sound investment opportunities including AI (AiDoge), BGB, COPIUM, RNDR ECOTERRA INJ and YPRED which are some of best cryptos to buy now based on fundamentals and/or favorable technical analysis.
AiDoge’s presale has become a major talking point in the cryptocurrency market with AI-driven meme coin already raising over $10 million so far and setting its sights on a hard cap of $14.9 million