BITPRISMIA
Coinbase predicts an upcoming altcoin season where altcoins are likely to outperform Bitcoin, influenced by potential Federal Reserve rate cuts and shifts in market dominance.
Henrik Zeberg predicts the crypto market could rise by 400%, reaching up to $12 trillion before the bubble bursts, marking the largest single-cycle expansion.
The Swiss National Bank (SNB) is taking proactive measures to prevent excessive Swiss Franc (CHF) strength, which is crucial for Switzerland's economic stability, export and tourism sectors, and inflation management.
The Indian Rupee is facing significant weakness amid broader Asia FX weakening trends, with the upcoming RBI monetary policy decision being pivotal for its trajectory.
The Indian Rupee's decline against the US Dollar is primarily due to the Trump Tariff threat, which has triggered capital flight and economic uncertainty, particularly affecting emerging markets like India.
The current Altcoin Season Index reading of 40 indicates a Bitcoin-dominant market phase, where fewer than 25% of top altcoins outperform Bitcoin, influencing investment strategies and market dynamics.
The Japanese yen's significant volatility and decline against the US dollar have raised official concerns, impacting the economy and global financial markets.
The Altcoin Season Index indicates the crypto market is currently in Bitcoin Season, with Bitcoin outperforming most altcoins, and provides insights for investors to adjust their strategies accordingly.
The Federal Reserve has decided not to implement an immediate Fed Rate Cut, maintaining the benchmark interest rate at 4.25%–4.50%, due to ongoing economic complexities and inflation concerns.
The Crypto Fear & Greed Index has reached 72, indicating a 'Greed' zone in the market, reflecting widespread optimism but also potential risks of irrational behavior and unsustainable price bubbles.