Crypto Morning Brew 4.13.22

The Most Anticipated Upgrade In Crypto is Coming…..Eventually

The Fed’s Tightrope Act Continues as Crypto Markets Play the Waiting Game.

Overview

• Fed: Playing good cop/bad cop.
• ETH merge delayed…
• BTC: Important support holding strong.
• BlackRock “studying” crypto.
• Anchor + Polkadot.

What did the Fed say to move crypto markets?

“I’m forecasting that this is pretty much the peak, it is going to start to come back down,” Federal Reserve (Fed) Gov. Chris Waller said yesterday.

Waller noted that interest rates should begin to falter demand and that oil prices have retreated after the Russian invasion-induced spike.

In what seems like a good cop/bad cop game, Waller’s comments helped the markets gain traction after a rocky start to the week.

Various analysts have rejected optimism as an effort to calm negative market sentiment. Nevertheless, the Fed still plans to raise rates by an estimated two basis points (bps) in the upcoming meeting, which the markets give an 84% probability.