Interest Rates at the Highest Level Since 2007?

Interest Rates and Nasdaq:

The Federal Reserve is announcing its interest rate decision at 2 PM ET today. There is an 88% probability of a 25bps hike. No rate hikes should push Nasdaq towards $13,250 while a 25bps hike may serve as temporary pressure for a pullback towards $12,300.

Bitcoin ($BTC):

Bitcoin is approaching higher levels. A break above $28,600 would push $BTC higher towards the middle of the range near $29,750 with resistance at $31,800. Eventually, prices will have to retreat towards their 20-day moving average located near $24,000.

Chainlink ($LINK):

Chainlink whales have been accumulating $LINK in the past 2 weeks. 30 new addresses purchased a total of 2,645,590 $LINK ($18.52M) from Binance. $LINK prices bottomed out near $5.90 on March 10th and have surged since then by 30%+ while open interest followed to the upside.

View the full report here:?Market Note — March 22,?2023

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Our clients use our services to unlock liquidity and take advantage of current opportunities in the market. Visit our?website?today to learn more about our services and how SDM can help you to maximize your digital assets.