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While stocks rally ahead of the Federal Reserve’s interest rate decision, crypto markets face a different story. The lackluster bitcoin response, upcoming Fed decisions, regulatory lawsuits, and tightened profit margins for miners have led to negative investor sentiment, impacting the crypto market’s future.

Matrixport’s research reveals shrinking profit margins may be forcing Bitcoin miners to sell their newly mined inventory. Increased mining difficulty and unprofitability of older machines contribute to this pressure, raising questions on the sustainability of high gains in the longer term.

Cryptocurrencies face a bear market due to Federal Reserve’s tightening monetary policies, causing Bitcoin to drop 3% within 24 hours. Meanwhile, the CFTC issues warnings for companies to counter risks in clearing digital asset transactions, and XRP sees an 8% increase in value amid settlement speculations in the SEC/Ripple legal case.

Bitcoin rebounds to $27,800 but remains on track for its first monthly loss since December, down approximately 5%. The lackluster performance is due to changing Fed rate expectations and the strengthening USD. Experts believe a new market driver is needed for Bitcoin’s price to rise.

Hong Kong witnesses resurgence in crypto interest, attracting major industry players like Huobi, Gate Group, OKX, and BitMEX. Crypto platforms must comply with new regulations starting June 1 as Hong Kong aims to regain its status as Asia’s leading crypto hub. However, challenges remain including hesitant local banks.

As the US faces a debt ceiling crisis, Bitcoin options market displays a six-month bias towards weakness, with the call-put skew at its lowest since March. Investors now show a preference for put options, aligning with recent trends in the S&P 500 market. The uncertainty surrounding debt ceiling negotiations impacts bond markets, and Bitcoin’s price fell by 10%, as the US dollar’s appeal as a safe haven grows.

Litecoin (LTC) has surged 15% within seven days, reaching a one-month high of $95. The price rally places LTC as the second-best performing digital asset with a market cap of over $1 billion. The increase may be due to congestion on the Bitcoin network, prompting traders to seek cheaper alternatives like Litecoin.

A single entity recently purchased over 57,000 contracts of ether’s June expiry call option at a $2,200 strike price, selling an equal number of September expiry call contracts. This trade, involving large transactions outside the open market, represents a short call calendar spread strategy designed to profit from significant price shifts away from the strike price. The investor likely expects ether prices or volatility to rise after the June expiry.

Bitcoin recently experienced a 10% price decline, raising questions about its key $25,000 support level. As market sentiment and price action influence Bitcoin’s future direction, long-term holders continue accumulating tokens despite the cryptocurrency’s decline. Monitoring the price will help determine the market’s direction in the coming days.

Long-term Bitcoin investors accumulate more tokens amidst the recent dip, with net accumulation at its fastest pace since October 2021. However, Bitcoin’s divergence from the Nasdaq index raises concerns, urging both long-term and short-term investors to remain vigilant and assess potential risks and rewards.

Despite a recent 56% drop in Pepe (PEPE) memecoin’s price, on-chain data reveals crypto whales, including former tech entrepreneur Jeffrey Huang, continue to buy the token. Researchers at Matrixport linked the price decline to large holders selling their holdings to new retail investors, with Asian traders being a significant driving factor.

The Pepecoin rally halted after Binance listed the frog-themed cryptocurrency, while market leaders Bitcoin and Ether display lowered volatility expectations. Aave community decides to deploy V3 on Ethereum layer 2 ecosystem, Metis Network, for enhanced liquidity.

Recent data from Matrixport suggests a narrowing wedge pattern in the cryptocurrency market could lead to a 6,100-point increase in Bitcoin’s price, reaching $35,000-$36,000. Factors supporting this potential uptrend include a record-high number of transactions, nearly 1 million active addresses, and a possible crypto rally amid the ongoing banking crisis.

Bitcoin climbs above $29,000 following the U.S. Federal Reserve’s interest rate hike, prompting speculation of a potential 20% rally to $36,000. Meanwhile, WallStreetBets token (WSB) sees a 90% drop in value within 24 hours after a significant market cap boost, emphasizing the volatile nature of the crypto market.

Matrixport’s recent report suggests that a narrowing wedge in the market may lead to a 20% Bitcoin rally, potentially pushing it to trade between $35,000 and $36,000. However, external factors such as the Federal Reserve’s interest rate decision and potential regulatory changes add uncertainty to the cryptocurrency market’s future.

Bitcoin’s value surges 70% this year, with the Federal Reserve’s interest rate decision playing a significant role. As Jerome Powell’s announcement approaches, his clarity on the end of the tightening cycle may impact Bitcoin’s price, as Treasury yields and the U.S. dollar historically affect the cryptocurrency’s performance.

In today’s market overview, we explore Bitcoin’s slow upward push, the resilience of the Korean crypto market, and the uncertainty surrounding US interest rate hikes. The crypto industry witnesses ongoing banking instability paired with an unstoppable Bitcoin, an adaptable Korean market, and a complex economic battleground in the US.