Discover How Global Dynamics Shape Cryptocurrency Markets

Key Points

1. The Federal Open Market Committee (FOMC) of the US Federal Reserve did not alter interest rates during its recent meeting, with Chairman Jerome Powell indicating reluctance to cut rates.

2. President Trump’s Crypto Task Force submitted a report outlining a roadmap for the US to become a global cryptocurrency leader, focusing on user and developer rights and integrating DeFi to support the US dollar’s global supremacy.

3. Bitcoin’s price has been fluctuating between $115,000 and $120,000, with historical data showing weak performance in the third quarter (average returns of -0.2% in August and -5.5% in September).

4. The report proposes establishing a legal framework for DeFi applications in currency markets, aiming to position the US as a leader in the global cryptocurrency ecosystem.

5. Investors are monitoring Bitcoin’s price levels closely, with potential market activity decreases expected towards the end of summer due to seasonal trends.