Fed Meeting, Treasury Bills & Tariffs Dey Test Crypto Market
Na di di end days of July, di crypto market dey face three major US macro-policy events. Di Federal Open Market Committee go hold meeting July 29–30, where different opinions wey dey soft and dot-plot changes fit hint say dem go cut rate for September. Traders go dey watch wetin Fed Governor Christopher Waller and Treasury Secretary Scott Bessent talk. For July 30, di Treasury Q3 borrowing plan go focus on short-term bills, fit make stablecoin liquidity reduce. Trade policy still get wahala: reciprocal tariffs go start August 1 if dem no renegotiate, and di Supreme Court go hear case about president tariff powers July 31. These things fit test crypto market liquidity and make market dey volatile. Technically, Ethereum (ETH) dey stand gidigba for important $3,800 resistance with support around $3,605–$3,400, while Solana (SOL) dey test $189 after e reach near $203 and e fit fall go $177. Total crypto market capitalization dey $3.81 trillion.
Neutral
Mixed macro drivers and technical levels dem suggest say na neutral dem hold. Di FOMC meeting fit bring dovish signals but still keep rates, and Treasury increase for short-term bill issuance fit comot stablecoin liquidity, plus tariffs dey pose wahala for inflation. All these things dey increase how market fit jump up and down but no clear sign for bullish or bearish. Technically, Ethereum dey face resistance for $3,800 and get support for $3,605–$3,400 range, while Solana dey test $189 support. Traders suppose expect say price go dey waka waka, no steady movement.