Yeliz Akmaca 
Bitcoin hit a new all-time high of $126,200 before falling to $120,681. At the time of publication, BTC was trading at $122,495, down more than 2% in the past 24 hours. Popular analyst Michael van de Poppe stated that profit-taking is expected after all-time highs, and this slight pullback creates a new buying opportunity.
Bitcoin and altcoins remain in focus as FOMC minutes and Jerome Powell’s speech approach. Analysts remain optimistic that upward momentum may continue after these key macro announcements.
The recent macro week kept the 10-year U.S. Treasury yield around 4.13%, while the U.S. Dollar Index (DXY) reached a two-month high near 99, limiting market recovery.
Importance of FOMC Minutes and Powell’s Speech
FOMC minutes will be released today, with some Fed officials speaking on October 8. Chair Jerome Powell will discuss:
- Monetary policy and potential rate changes
- Inflation trends and economic growth
- Labor market weakness and U.S. government shutdown effects
- Investors are closely monitoring these statements for their impact on Bitcoin and altcoin prices.
Q&A for Snippet Potential:
Q: How will FOMC minutes affect Bitcoin?
A: The minutes indicate interest rate and inflation expectations. Hawkish signals may lead to a BTC drop, while dovish signals could support a rebound.
Safe Havens and “Devaluation Trade”
The prolonged U.S. government shutdown is driving investors to safe havens. Gold and silver prices continue to rise, while Bitcoin is gaining attention as a dollar alternative. This environment, known as the “devaluation trade,” influences crypto investors’ strategies.
Crypto Investor Tips:
- Monitor interest rates and inflation data
- Track DXY movements
- Consider safe-haven assets like gold and silver
- Adjust crypto portfolios for short-term volatility
Macro data stagnation supports Fed’s rate policy, but FOMC minutes and Powell’s speech could quickly shift market sentiment. Investors should carefully plan both short- and long-term strategies.
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