- The Federal Reserve is reportedly open to both sides of rate cuts.
- Crypto prices have surged following the announcement by Trump.
- Gold prices are up.
The US Federal Reserve was earlier of the opinion to wait before cutting rates. However, the rising oil prices have reversed that sentiment – opening up a window to consider slashing the lending rates. There are concerns about inflation, and cuts may still not happen.
Meanwhile, crypto prices have surged at a time when US President Donald Trump has hinted that the Iran war may end soon.
Oil Prices and Rate Cuts
Oil prices have been pushed to above $100 a barrel through the Iran war. This has brought out the possibility for inflation and a growth decline or slowdown. Wilmington Trust chief economist Luke Tilley interacted with the media and said that spikes in oil prices do affect growth. It does remain to be seen how long the conflict will last.
The Federal Reserve was looking at how benefits work well for the economy, given it cut rates three times to keep the labor market calm. Benefits majorly included low gas prices and tax refunds, to mention a few. Officials were still ready to keep rates steady, but the evolving situation has undermined the possibility for the rate cut.
All attention is on the upcoming inflation data. The recently published employment data showed a slight increase to 4.4% in the unemployment rate, along with a drop of 92,000 in payrolls. Discussions, according to Tilley, are about considering the implementation of a monetary policy that is more accommodative.
Crypto Prices Surge
Crypto prices have surged over the last 24 hours. BTC is above $70k, trading at $70,155.54. This is after a growth of 3.91% during the said timeline. ETH has also seen a considerable uptick of 2.41% to $2,047.39.
Overall, the FGI has shifted to a higher side with 25 points with a rise of 2.82% in the collective market cap, which is now $2.38 trillion. For now, the oil price has retraced to a lower value to further facilitate an increase in crypto prices.
Gold Prices
US President Donald Trump, hinting that the Iran war could end soon, has revived interest in Gold prices too, – not that the precious metal ever lost its way, but the gain nearly coincides with the announcement. It rose by 0.9% to $5,180 per ounce earlier.
The latest number shows an increase of 0.47% in 5 days and a monthly gain of 8.34%.
Highlighted Crypto News Today:
Hyperliquid (HYPE) Jumps 9%: Can the $40 Zone Be Reached and Anchor the Bull Run?
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Next Crypto Breakout: 3 Altcoins Poised for Massive Upside
CHZ breaks resistance with strong volume, driven by sports and fan engagement demand.
XMR hits all-time high, fueled by privacy demand and strong trading volume.
ATOM rebounds from lows, holding support while building momentum toward higher resistance levels.
The crypto market
CryptoNewsLand3h ago
Kalshi Traders Forecast XRP to Hit $1.60 in April
Kalshi traders predict XRP will reach $1.60 in April amid rising demand and significant ETF inflows. With a bullish technical outlook and upcoming regulatory votes, XRP's market dynamics show potential for further gains, despite risks of declining support levels if outcomes are unfavorable.
CryptoFrontier4h ago
Solana Adoption Surges to 167M While Usage and Price Diverge
Key Insights
Solana reached 167 million holders, signaling strong adoption growth even as active addresses declined, showing a widening gap between ownership and usage trends.
Institutional interest increased as DeFi Development Corp accumulated over 2.22 million SOL, reinforcing long-term c
CryptoNewsLand6h ago
Shiba Inu Forecast: Range-bound Moves Shift After Bullish Golden Cross
SHIB consolidates near $0.0000058 amid declining volume and reduced market participation.
Bullish golden cross signals short-term momentum shift despite ongoing range-bound price action.
Key support at $0.00000562 holds focus, with breakout targets near $0.00000625 and higher.
Shiba
CryptoNewsLand9h ago
Pudgy Penguins Price Analysis: $0.008 Could Trigger the Next Big Move
PENGU shows steady growth, signaling accumulation rather than short-term speculation.
Buyers dominate spot and futures markets, strengthening current bullish momentum.
$0.008 resistance remains key, with breakout or consolidation likely next.
Pudgy Penguins — PENGU, has started showing a
CryptoNewsLand10h ago
The Strait of Hormuz is fully reopened, and Bitcoin surged to 78K. MicroStrategy (MSTR) jumped 12%.
Iran announces that the Strait of Hormuz is fully open; oil prices fall sharply as supply concerns ease, and U.S. stock indexes hit record highs. Bitcoin once surged to $78,333 and lifted MicroStrategy’s stock price by 12% in a big jump. Market-wide sentiment improves, and cryptocurrencies also show signs of capital inflows.
ChainNewsAbmedia15h ago
