Why Bitcoin Could Trade Above $22,000 After Today’s FOMC Meeting
Bitcoin is poised to experience volatility during today’s trading session. The crypto market is gearing up for the U.S. Federal Reserve (Fed) Federal Open Market Committee (FOMC) meeting which could result in a no-event or push risk-on assets down. Related Reading | Shiba Inu Whales Trading Volume Surges 640% As SHIB Holds Critical Support During this meeting, the Fed is expected to announce a hike in interest rates. According to trading desk QCP Capital, the market has ruled out the possibility of a 100 basis points (bps) increase. Market participants expect a 75 bps, if the Fed....
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Bitcoin and the entire crypto market are currently waiting with bated breaths to see the outcome of the FOMC meeting. The United States Federal Reserve Open Market Committee (FOMC) meeting began on Nov. 1 and the market now waits patiently for the decision of the Fed. In the last couple of months, the FOMC meeting […]
Bitcoin and other cryptocurrencies in the market have had an interesting week-and-a-half. From the CPI report to the completion of the Ethereum Merge, it has been a rollercoaster of volatile activity across the market. Even with this, the market is still not done with its big events. The FOMC meeting is held on Wednesday, which, like in the past, promises unpredictable movements for the crypto markets. Expect Volatility For Bitcoin The FOMC meeting has always triggered volatility across not just the crypto markets but various financial markets. Bitcoin’s reaction to the FOMC meeting has....
Yesterday’s FOMC meeting of the U.S. Federal Reserve (FED) brought less volatility to the Bitcoin market than many experts had expected. The Bitcoin price moved in a narrow range during and after the meeting. Ultimately, the Fed raised interest rates by 75 basis points, as expected. The FOMC statement said the Fed would “take into […]
The Bitcoin price has been moving sideways over the past few days bound solely to macroeconomic factors. The benchmark cryptocurrency was rejected north of $20,000 after “The Merge” and seems poised to face volatility over today’s trading session. Related Reading: Reef Finance (REEF) Breaks Out Of Long Isolation, Is This A Fake Rally? At the time of writing, Bitcoin (BTC) trades at $19,200 with sideways movement in the last 24 hours and a 5% loss over the past week. As the market moves past “The Merge”, crypto has returned to its correlation with global markets and the most important....
The FOMC meeting has been done and dusted, but its impact on the price of bitcoin has left a lasting market. Where the market had expected volatility following such an important meeting for the financial market, it was steeper than expected. Looking back, it has been one of the most volatile that the market has […]