Crypto Markets Defy Rate Hike, Bitcoin Eyes $84K
Crypto markets have demonstrated resilience in response to last week's Federal Reserve rate hike, which pushed the benchmark target to 4.00%. Bitcoin is approaching $84,000, despite initial hawkish sentiment. The macro calendar for this week centers on U.S. jobless claims and housing and durable goods figures.
The SEC is opening its tokenized securities pilot framework, allowing select institutional venues to begin pilot trading of tokenized stocks directly on public blockchains. This will be a key focus point for market structure attention. The Federal Reserve's rate hike was seen as hawkish, but crypto markets have shrugged off the initial sentiment.
On the economic calendar, Canada Retail Sales and U.S. Initial Jobless Claims are scheduled for release on September 24. New Home Sales and Durable Goods Orders will also be released on that day. The U.S. Michigan Consumer Sentiment Index Final will be released on September 25.