Ad
CryptoSlate on X
Stay ahead in the crypto game: Follow us on X for daily updates and analysis.
Follow @cryptoslate
 Ad
Insights
Bitcoin ETFs bring in over $6 billion in November after another $1 billion day Solana hits new $264 all-time high as DEX volume reaches $100 billion monthly milestone US Bitcoin ETFs surpass $100 billion, pose challenge to largest Bitcoin holders Bitcoin surges to $97k as market leverage hits historic $63 billion Memecoin revival drives Solana DEX Raydium past Tether in fees
Wall Street is now pricing in a terminal rate of 5.25-5.50, after hot PCE data, BTC down over 3% Wall Street is now pricing in a terminal rate of 5.25-5.50, after hot PCE data, BTC down over 3% James Van Straten · 2 years ago
Insights BitcoinMacro

Wall Street is now pricing in a terminal rate of 5.25-5.50, after hot PCE data, BTC down over 3%

Wall Street is now pricing in another 25 bps hike, in addition to the 50 BPS remaining, taking fed funds rate to 5.25-5.50

James Van Straten / @jvs_btc / Feb. 24, 2023 at 4:31 pm UTC

Quick Take

  • Bitcoin is down -3.31% on Feb. 24 due to a hotter than expected PCE data. 
  • Traditional assets are also down on the day, which includes SPX (-0.22%), XAUUSD (-0.75%), and Nasdaq (-2.00%).
  • Wall Street is now pricing another 25 bps hike, in addition to the 50 bps remaining, due to today’s PCE.
  • This would take the federal funds rate to 5.25 – 5.50% for the end of 2023, a total of 75 bps remaining.
Fund Funds probability: (Source: CME Fed Watch Tool)
Fund Funds probability: (Source: CME Fed Watch Tool)
Assets: (tradingView)
Assets: (tradingView)
Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

Latest Insights
Bitcoin ETFs bring in over $6 billion in November after another $1 billion day

Bitcoin ETFs bring in over $6 billion in November after another $1 billion day

Data via 2 days ago
Solana hits new $264 all-time high as DEX volume reaches $100 billion monthly milestone

Solana hits new $264 all-time high as DEX volume reaches $100 billion monthly milestone

2 days ago
US Bitcoin ETFs surpass $100 billion, pose challenge to largest Bitcoin holders

US Bitcoin ETFs surpass $100 billion, pose challenge to largest Bitcoin holders

2 days ago
Latest Alpha Market Report
Polymarket: A revolution in prediction markets
Available exclusively via

Polymarket: A revolution in prediction markets

Andjela Radmilac · 1 day ago

CryptoSlate's latest report dives deep into Polymarket's evolution, its pivotal role in high-stakes prediction events like US elections, and the implications of its controversies on its market position.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

In this insight

Bitcoin BTC (24h)
$98,473.41 -0.36%
Vol: $43.26B MCap: $1.95T

Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.

More about Bitcoin

Most Viewed

 Ad
CryptoSlate on X x.com/cryptoslate
Catch the latest in crypto by following us on X. Stay informed on the go.
Follow @cryptoslate
 Ad