Bitcoin (BTC) Price Trends Influenced by Uncertainty About the Fed Rate Path, Pre-Event Market Analysis

Uncertainty about the Fed rate path influenced buyer demand for BTC-spot ETFs, impacting BTC price trends. On Sunday (June 16), investors should consider another

Investors should prepare for another crucial week in the crypto market as several key events are set to unfold.

Economic indicators from the US, such as retail sales (scheduled for Tuesday), jobless claims (set to be announced on Thursday), and S&P Global Services PMI numbers (expected on Friday), will likely play a role in determining the trajectory of the Fed interest rate.

If the economic indicators come in better than expected, it could reduce investor bets on a September Fed rate cut, ultimately impacting buyer demand for US BTC-spot ETFs.

Additionally, updates related to the SEC vs. crypto case are also essential. Investors are awaiting a court ruling on the Coinbase (COIN) Motion for Interlocutory Appeal.

If the court grants the motion, Coinbase will be permitted to appeal against the court's decision, which largely denied its earlier Motion to Dismiss (MTD). To recap, in August 2023, Coinbase filed its Motion to Dismiss, arguing that the SEC lacked the statutory authority to regulate major crypto exchanges in the US.

Moreover, updates from the ongoing SEC vs. Ripple case are also worth monitoring closely. According to recent court filings, a court verdict is anticipated in the summer.

News source：https://www.kdj.com/cryptocurrencies-news/articles/bitcoin-btc-price-trends-influenced-uncertainty-fed-rate-path-preevent-market-analysis.html

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