By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Jurors view ‘Freak off’ images too graphic to be shown to public
    Jurors view ‘Freak off’ images too graphic to be shown to public
    May 15, 2025
    Gaza hospital attack: Analysis contradicts Israel’s evidence justifying airstrike | World News
    Gaza hospital attack: Analysis contradicts Israel’s evidence justifying airstrike | World News
    May 15, 2025
    For U.S. Defense Industry, These Minerals Really are ‘Critical’
    For U.S. Defense Industry, These Minerals Really are ‘Critical’
    May 14, 2025
    Did the US flinch first in tariff war with China? | Trade War News
    Did the US flinch first in tariff war with China? | Trade War News
    May 14, 2025
    Saudis use burgers to impress Trump (VIDEO) — RT World News
    Saudis use burgers to impress Trump (VIDEO) — RT World News
    May 14, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    Dan Morehead Sees Decades of Bitcoin (BTC) Upside Ahead as Pantera Bets on Broad Crypto Future
    Dan Morehead Sees Decades of Bitcoin (BTC) Upside Ahead as Pantera Bets on Broad Crypto Future
    May 15, 2025
    Price analysis 3/10: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI
    Price analysis 3/10: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI
    May 14, 2025
    Ethereum retakes 10% control of crypto market, but ETH bulls shouldn’t celebrate yet
    Ethereum retakes 10% control of crypto market, but ETH bulls shouldn’t celebrate yet
    May 14, 2025
    Top South Korean presidential hopefuls support legalizing Bitcoin ETFs
    Top South Korean presidential hopefuls support legalizing Bitcoin ETFs
    May 14, 2025
    Ex-SEC Chair Gary Gensler privately supported crypto — McHenry
    Ex-SEC Chair Gary Gensler privately supported crypto — McHenry
    May 14, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: Crypto Market Rebound Hinges On U.S. Economy’s ‘Soft Landing’, Grayscale Reports
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Cryptocurrency > Crypto Market Rebound Hinges On U.S. Economy’s ‘Soft Landing’, Grayscale Reports
Crypto Market Rebound Hinges On U.S. Economy’s ‘Soft Landing’, Grayscale Reports
Cryptocurrency

Crypto Market Rebound Hinges On U.S. Economy’s ‘Soft Landing’, Grayscale Reports

Published August 3, 2023
Share
4 Min Read
SHARE

Contents
The Role Of The Fed And The Crypto RecoveryBitcoin’s Latest Price Action

The ripples of macroeconomic events extend far beyond traditional markets, encroaching on the nascent space of cryptocurrencies. A recently published report by Grayscale, the world-renowned digital asset manager, places the recovery of the crypto market squarely on the shoulders of the U.S. economy.

According to the report, the continuation of this rebound is intrinsically tied to the U.S.’s ability to achieve what economists call a “soft landing.”

The Role Of The Fed And The Crypto Recovery

Macroeconomic factors have emerged as significant risk contributors to the volatile world of cryptocurrency valuations. In this context, the premise of a ‘soft landing’ is linked to the Federal Reserve’s ability to reach its 2% inflation goal without a stark rise in unemployment.

Critics, however, maintain a skeptical stance on the achievability of this equilibrium. “Any stumble in the economy or further rate hikes by the Federal Reserve could put a hold on the ongoing crypto recovery,” warned Zach Pandl, Grayscale’s Research Director, in his analysis.

While Bitcoin demonstrated a relatively flat performance in July, Pandl posits that major tokens could experience a surge, aligning with other risky assets, should the economic data continues to validate the soft landing theory.

Grayscale’s report further illustrates a potential appreciation of Bitcoin, specifically if the Federal Reserve tolerates a long period of above-target inflation.

Bitcoin’s unique positioning as an alternative non-sovereign money system and a hedge against inflation could significantly benefit from such a scenario. However, Pandl stressed that achieving a soft landing is far from guaranteed and, as a consensus view, it is already somewhat factored into market prices.

Bitcoin’s Latest Price Action

In the past day, Bitcoin has made a notable move following its stagnancy over the past week. The largest crypto by market capitalization, though briefly, has tapped above the $30,000 mark earlier today; however, at the time of writing, BTC has seen quite a retrace and currently trades just above $29,000.

Bitcoin (BTC)’s price is moving sideways on the 4-hour chart. Source: BTC/USD on TradingView.com

Bitcoin’s trading volume has also almost doubled in the past week from a low of roughly $11 billion last Wednesday to above $17 million at the time of writing. This surge in volume particularly suggests a possible increase in BTC trading activity.

Meanwhile, despite the uncertain economic landscape, Microstrategy appears to be strategically positioning itself for potential opportunities. The software company has recently announced plans to raise as much as $750 million through share sales, to reinvest some of the proceeds into more Bitcoin.

Notably, the crypto market’s trajectory appears inextricably tied to the broader macroeconomic picture painted by the U.S. economy’s performance, as pointed out by Grayscale. The anticipated ‘soft landing’ remains the linchpin in the firm’s analysis for crypto recovery, but as with all economic predictions, only time will tell.

Featured image from iStock, Chart from TradingView

#Crypto #Market #Rebound #Hinges #U.S #Economys #Soft #Landing #Grayscale #Reports

TAGGED:CryptoEconomysGrayscaleHingeslandingmarketreboundreportsSoftU.S
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Shopify optimistic about ‘new shape’ of business following layoff, AI announcements Shopify optimistic about ‘new shape’ of business following layoff, AI announcements
Next Article Andrew Heaney strikes out 11, Texas Rangers beat Chicago White Sox in under 2 hours Andrew Heaney strikes out 11, Texas Rangers beat Chicago White Sox in under 2 hours
- Advertisement -

Latest Post

Jurors view ‘Freak off’ images too graphic to be shown to public
Jurors view ‘Freak off’ images too graphic to be shown to public
World News
Gaza hospital attack: Analysis contradicts Israel’s evidence justifying airstrike | World News
Gaza hospital attack: Analysis contradicts Israel’s evidence justifying airstrike | World News
World News
Dan Morehead Sees Decades of Bitcoin (BTC) Upside Ahead as Pantera Bets on Broad Crypto Future
Dan Morehead Sees Decades of Bitcoin (BTC) Upside Ahead as Pantera Bets on Broad Crypto Future
Cryptocurrency
Price analysis 3/10: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI
Price analysis 3/10: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, PI
Cryptocurrency
For U.S. Defense Industry, These Minerals Really are ‘Critical’
For U.S. Defense Industry, These Minerals Really are ‘Critical’
World News
Ethereum retakes 10% control of crypto market, but ETH bulls shouldn’t celebrate yet
Ethereum retakes 10% control of crypto market, but ETH bulls shouldn’t celebrate yet
Cryptocurrency
- Advertisement -

You Might Also Like

Slovenia Becomes First European Union Nation to Issue Sovereign Digital Bond
Cryptocurrency

Slovenia Becomes First European Union Nation to Issue Sovereign Digital Bond

July 31, 2024
Apple’s Vision Pro virtual reality headset launches in U.S.
World News

Apple’s Vision Pro virtual reality headset launches in U.S.

February 4, 2024
Dogecoin Volume Jumps 36%, But Will DOGE Price Follow?
Cryptocurrency

Dogecoin Volume Jumps 36%, But Will DOGE Price Follow?

August 4, 2023
Pro-XRP Lawyer Gets M From Winklevoss Twins To Fight Warren
Cryptocurrency

Pro-XRP Lawyer Gets $1M From Winklevoss Twins To Fight Warren

July 19, 2024

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?