Analysts now see a greater chance that the U.S. federalreserve will raise its benchmark rate by 50 points next month — instead of the widely expected 25 points. The higher interest rates could spell trouble for risky assets like $BTC.
a new pilot involving “token-enabled playlists,”
allowing holders of non-fungible tokens to connect their wallets and listen to curated music. Spotify is offering this exclusively to token holders in the Fluf, Moonbirds, Kingship and Overlord communities for a three-month testing period. Spotify told CoinDesk that it"routinely conducts a number of tests in an effort to improve our user experience."The table shows the probabilities for the Federal Reserve rate hikes over the coming months.
Early this month, traders were confident that the Fed would hike its benchmark interest rate just by 25 basis points in March, but now they see a 26% chance of a 50 basis point rate hike in March.The Fed tightening is now seen extending into the third quarter, Marc Chandler, chief market strategist at Bannockburn Global Forex and the author of the Marc to Market blog, wrote in the daily newsletter.
Aggressive repricing of continued Fed rate hikes might put pressure on risky assets, including cryptocurrencies.
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