Wednesday

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/fed-decision-expected-to-influence-crypto" data-wpel-link="internal" rel="noopener noreferrer nofollow">Fed Decision Expected to Influence Crypto</a><br></p>
<p style="text-align: justify">The Federal Reserve’s much-anticipated meeting has arrived, leaving cryptocurrency <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> on edge as they await critical decisions. Alongside this, the release of the U.S. inflation data for May on Wednesday carries significant potential to impact the market. Should this data be as positive as the recent PCE figures, it might counterbalance the effects of recent Non-Farm Payroll and wage increase reports, shaping the trajectory of ETH, BNB, and SOL coins <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">in the near future</a>.</p>
<h2 id="how-will-ethereum-eth-react">How Will Ethereum (ETH) React?</h2>
<p style="text-align: justify">The SEC is on the verge of announcing the launch date and approvals for the ETH ETF, with expectations that the approval of S-1 Forms will drive new volatility in ETH prices this week. The SEC’s final feedback will solidify these forms following one or two adjustments. ETH, currently supported at $3,676, faces difficulty breaching the $3,730 resistance. If it manages to surpass this barrier, targets of $4,094 and $4,868 could emerge. Conversely, falling below $3,600 could lead to a deeper decline to $3,374.</p>
<h2 id="what-is-next-for-bnb-coin">What Is Next for BNB Coin?</h2>
<p style="text-align: justify">BNB Coin, having dropped from $722 to $635, saw the expected retreat during the U.S. market opening on Friday. While it now hovers above the critical breaking point, a substantial rebound could set sights on $722 and $775. Without this rebound, however, a further dip towards $560 and $536 seems probable.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<ul>
 <li>Monitor the Federal Reserve’s decisions closely as they affect cryptocurrency prices.</li>
 <li>Keep an eye on the U.S. inflation data for May, which could significantly influence market trends.</li>
 <li>ETH investors should watch for SEC announcements regarding the ETH ETF approval.</li>
 <li>BNB Coin’s price movements are crucial; a rebound could indicate future gains.</li>
</ul>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/solanas-price-under-pressure-as-it-struggles-below-200" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> (SOL), another major player in the cryptocurrency market, has been less aggressive compared to BNB Coin. Despite repeated attempts to break through resistance points, SOL Coin fell below the critical $162 level on June 7. This drop opens the door for potential further declines to $157 and $140. However, if SOL can close above $164, it might aim for $176 and $188 resistances, with $205 as a pivotal target before reaching its all-time high.</p>
<p style="text-align: justify">The upcoming days are set to be critical for the cryptocurrency market, as key economic decisions and data releases could steer prices significantly. Investors are advised to stay alert and informed about these developments.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/fed-decision-expected-to-influence-crypto" data-wpel-link="internal" rel="noopener noreferrer nofollow">Fed Decision Expected to Influence Crypto</a></h5>

Fed Decision Expected to Influence Crypto

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