Global markets sink as Fed rate‑cut hopes fade and traders remain unsure of what to do
Source Cryptopolitan
- Markets around the world are wobbling hard because bets on a rate cut by the Federal Reserve are evaporating, and the odds have dropped to roughly 50‑50 from much higher, per the CME FedWatchTool.
- Wall Street’s tech‑heavy indexes took a tumble, and Asian markets followed suit as hawkish Fed comments piled up and disappointing Chinese data darkened the mood.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Ethereum (ETH) drops more than 5% after a failed push above $3,550, with price sliding to $3,153 and now holding below $3,350, the 100-hour SMA and a bearish trend line at $3,500; unless bulls reclaim the $3,350–$3,500 zone, the short-term bias stays bearish and a clean break under $3,150 could expose $3,050, $3,000 and even the $2,880–$2,850 support area.
