Three US Wall Street Index have ended on a high note ahead of the Federal Reserve meeting, which is scheduled to happen in the next 2 days. The crypto market has maintained its price range for trade with an optimistic future, as underlined by Coinbase CEO Brian Armstrong. For now, crypto prices are down with a possible dent from Trump’s tariffs.
US Wall Street Indexes Rise
Dow, S&P 500, and Nasdaq have again ended their trading day on a high note, despite the rising international trade uncertainty. S&P 500 is up by 0.50%, considering 79.7% of its 64 companies have surpassed analysts’ expectations.
According to a report by Reuters, quarterly reports of Microsoft, Meta, and Apple, among other companies, could further shed light on indexes while setting a key test for an AI-powered rally.
Dow and Nasdaq have jumped by 0.64% and 0.43%, respectively. An increase in US Wall Street Indexes has been credited to communications and technology. Chris Zaccarelli, the CIO of Northlight Asset Management, has said that both segments traded well today. Chris said, in a different statement, that investors are being cautiously optimistic and probably looking forward to the earnings season.
Crypto Market and Consolidation
The crypto market is moving within a specified range, even though it is on the lower side. For instance, BTC is trading at around $88,268.61 while ETH is hovering around $2,927.05; both are below $90k and $3k marks, respectively.
The global crypto market has slipped to $2.99 trillion, below the $3 trillion mark. This comes at a time when there is an anticipation about BTC possibly testing a bearish outlook at $85. A similar question has surrounded ETH, except it remains to be seen if bulls take over or bears take a lead.
It is anticipated that Trump’s approach of imposing tariffs on countries could be a key factor here. He recently threatened to raise the rate to 25% for Lee Jae Myung-led South Korea, alleging that the side didn’t enact its commitment to the deal discussed last year, that is in 2025.
Future of the Crypto Market
Coinbase CEO Brian Armstrong is confident that a lot of people, even the haters, will be using crypto at some time without realizing it. In other words, Brian believes that the crypto segment has a future on a macro level in the times to come. This sentiment is reflected in price predictions of top tokens like BTC and ETH.
Pierre Rochard, a notable crypto analyst, has responded to him by saying that it could be Bitcoin and not necessarily crypto. Needless to say, crypto investments should be done only after thorough research and risk assessment.
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