The Federal Reserve is expected to keep interest rates steady this week, with a 95% chance of no changes, as it adopts a cautious “wait and see” approach. Despite a slow economy in Q1, inflation remains slightly above the 2% target, while unemployment stays low, giving the Fed more time to assess market conditions. The FED interest rate decision is crucial, as the Trump tariffs and ongoing US-China trade talks could influence future actions.
Trump Tariffs and Trade Optimism
The latest Trump tariffs and trade discussions between the US and China are bringing renewed optimism to the market. Credit Suisse analyst Ipek Ozkardeskaya notes that improving trade relations could boost risk assets and revive investor confidence in the US dollar. While the dollar didn’t surge during the peak of the tariff war, a shift in sentiment could drive its near-term performance.
FED to Stay in “Wait and See” Mode
The Federal Reserve remains focused on data, with many expecting no immediate rate cuts. As the Fed weighs Trump’s tariffs and a $4 trillion budget plan, it will likely hold off on making any drastic decisions. Although inflation is still above 2%, the FED interest rate decision will depend on the ongoing trade talks and economic trends.
Dollar Could Rebound Amid Trade Optimism
Trade optimism surrounding Trump tariffs and negotiations could potentially lift the dollar, shifting from a safe-haven narrative to broader confidence. Ozkardeskaya believes that this shift could reignite demand for the US dollar, marking a key development as the FED interest rate decision looms.
FED Interest Rate Decision
With little indication of drastic shifts in the economy, Fed Chair Jerome Powell is expected to keep messaging minimal, even as President Trump pushes for rate cuts. Analysts predict that the Fed may only cut rates if the labor market weakens significantly.
Wall Street analysts project that the U.S. SEC will approve a bunch of spot crypto ETFs possibly before the end of the third quarter.
Dogecoin price has hinted at an imminent rally towards its all-time high in the near future.
The United States Securities and Exchange Commission (SEC) delayed its decision-making on the proposed rule change to list and trade shares of Bitwise Dogecoin ETF under NYSE Arca. According to the announcement by Sherry Haywood, the SEC’s assistant secretary, the agency has designated June 15, 2025 as the next date the commission will make its decision on the Bitwise Dogecoin ETF.
“The commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the announcement noted.
Closer Look at SEC’s Playbook on Dogecoin ETF
The U.S. SEC delayed decision-making for several crypto ETF products on Monday, led by spot XRP and Dogecoin ETFs. According to James Seyffart, a senior ETF analyst at Bloomberg, the U.S. SEC will likely delay decisions for spot Solana (SOL) and Hedera (HBAR) this week.
However, Seyffart is of the opinion that the SEC, under the new leadership of Paul Atkins, will approve a bunch of spot crypto ETFs in the third quarter and before the final deadlines in mid-October.
Agreed. i personally think the odds of a bunch of these crypto ETPs getting approved in late June or into July is fairly decent. Idk if its my ‘base case’ but GDLC’s conversion is due early July. I could see this SEC just signing off on a whole bunch around that same time.
The initial Dogecoin selloff expected in the first quarter has significantly reduced after the meme lord closed last week with a bullish outlook. The large-cap memecoin, with a fully diluted valuation of about $26.7 billion and a 24-hour average trading volume of around $1 billion, gained over 15 percent in the past two weeks to trade about $0.179 at the time of this writing.
If #Dogecoin$DOGE can secure a monthly close above $0.20, it could pave the way for a rally toward its all-time high of $0.74. Such a breakout would signal strong bullish momentum and potentially attract increased investor interest. pic.twitter.com/ky88B6XFZy
From a technical analysis standpoint, DOGE’s price is well-primed to enter its price discovery phase in the coming months. According to crypto analyst Ali Martinez, DOGE price will regain its all-time high above 74 cents, if the memecoin closes April above 20 cents.
The post U.S. SEC. Delays Decision on Bitwise Dogecoin ETF Until June 15 appeared first on Coinpedia Fintech News
Wall Street analysts project that the U.S. SEC will approve a bunch of spot crypto ETFs possibly before the end of the third quarter. Dogecoin price has hinted at an imminent rally towards its all-time high in the near future. The United States Securities and Exchange Commission (SEC) delayed its decision-making on the proposed rule …
The crypto market rallied today, May 9, continuing a trend that has been going on in the past few days. This surge happened as the crypto fear and greed index turned green and as the macroeconomic risks on trade subsided. This article explains why the cryptocurrency market is going up and then provides price predictions for some of the top gainers like Uniswap (UNI), Floki (FLOKI), and Fartcoin (FARTCOIN).
Why the Crypto Market is Going Up
The crypto market is going up, with Bitcoin hovering above $102,000, and Ethereum soaring above $2,400 for the first time in months. Consequently, the market cap of all coins has jumped by 5.25% in the last 24 hours to $3.25 trillion. This surge happened for three key reasons:
Falling macro risks as trade talks start.
Increased crypto accumulation.
Coinbase and Deribit deal.
The main reason why the cryptocurrency market is going up is the falling macro risks as trade talks start. The US has already reached a trade deal with the UK, and talks with China will start on Saturday. As such, there is rising optimism that GDP risks will subside, clearing a path for the Federal Reserve to start cutting rates.
Third-party data show that investors are accumulating Bitcoin, hoping that the coin will keep surging. Inflows to Bitcoin ETFs have soared to over $40.8 billion this year, and have risen in the last two consecutive months. Spot Ethereum ETFs have also started seeing more inflows this week.
Further, crypto-related deals are rising this year. Coinbase acquired Deribit on Thursday, while Ripple Labs recently bought Hidden Road and made a bid for Circle, the second-biggest stablecoin issuer. Kraken has also acquired NinjaTrader, while Robinhood bought BitStamp last year. These actions have led to optimism that the crypto market is on a strong growth path.
Top Crypto Price Predictions: Uniswap, Floki, and Fartcoin
This section provides price predictions for some of the top-performing coins in the crypto market like Uniswap, Floki, and Fartcoin.
Uniswap Price Forecast: Giant Double-Bottom Forms
The daily chart shows that Uniswap price bottomed at $4.673 this month. It formed a small double-bottom pattern whose neckline was at $6, where it has moved above. Looking back, the coin has formed a giant double-bottom at $4.63, where it has failed to move below since August last year. The neckline of this pattern is at $19.47.
Therefore, the most likely Uniswap price forecast is bullish, with the first target being at $12. This target is the 50% Fibonacci Retracement level and the highest level on June 16, which is 91% above the current level. A drop below the support at $4.6 will invalidate the bullish outlook.
Uniswap price
Fartcoin Price Technical Analysis: Rising Wedge and Falling ADX is a Risk
Fartcoin has been one of the top performers in the crypto market as it jumped by almost 500% from its March lows. It has continued rising and is now nearing the 50% retracement level.
The risk, however, is that the rally is losing momentum as the Average Directional Index (ADX) has tilted downwards. Also, the token has formed a rising wedge pattern, a reversal sign.
Therefore, there is a risk that it may pull back and possibly move below $1 in the next few days. A clear break above the upper side of the wedge will invalidate the bearish Fartcoin forecast.
Fartcoin price
Floki Price Analysis: Flips Key Resistance
The daily chart shows that the Floki price formed a big falling wedge pattern in the first quarter. After this, the coin formed an inverse head and shoulders pattern. It has now moved above the key resistance level at $0.0000962, the highest swing on April 30, and where it was forming a small double-top pattern.
The most likely Floki forecast is bullish, with the next point to watch being at $0.00011, the lowest swing on November 3.
Floki price chart
Will the Cryptocurrency Market Rally Continue?
There is a likelihood that the crypto market rally will continue as risks ease and Bitcoin demand surges. However, there may be volatility if US and China talks don’t end well.
