Food for thought: CPI, FOMC, QE & Crypto Rally
During the weekend, concerns about SVB caused a drop in the value of USDC, leading some investors to sell. However, those who kept a cool head saw a chance to profit from the situation. It is highly probable that the Federal Reserve will introduce Quantitative Easing soon as they are facing a dilemma of balancing inflation control and increasing pressure for bailouts. The Fed will likely stick to a "no inflation" narrative while providing extra funds to banks. The upcoming CPI and FOMC events will be significant in deciding market trends, with the potential for a bullish phase in crypto-assets. It's advisable to be cautious in the short term due to excessive optimism, but I anticipate bullishness in the markets in the long run. Investors should adjust their positions accordingly.