Xangle Report: Bitcoin selective buying continues amid interest-rate and oil-price fluctuations
Xangle said 11in its weekly research that volatility in oil prices increased as the Fed’s rate path and geopolitical risks in the Middle East limited risk appetite for virtual assets. As a result, it said selective buying centered on Bitcoin continued, and that next week’s inflation data could determine the market’s direction.
Xangle said 11in its weekly research report that the Fed’s rate path and geopolitical risks in the Middle East are the key variables in the virtual asset market. The report said these two factors limited the market’s risk appetite.
The report said that, in particular, as expectations for rate cuts remained limited, aggressive buying across virtual assets did not appear. Instead, it summarized that investors engaged in selective buying centered on relatively safe or highly liquid assets.
The report said Bitcoin, Ethereum, and others were included among the buying targets. It said a trend of massively buying altcoins across the board was not observed.
The report described oil price volatility as affecting market sentiment. It pointed out that geopolitical risks in the Middle East have shaken oil prices, limiting buying appetite for risk assets.
Finally, the report said that price indicators to be released next week could prompt a reassessment of expectations for the Fed's interest-rate path. The report repeatedly emphasized that market participants are watching the price indicator results closely.
Sources: 연합인포맥스
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