Bitcoin Weekly Outlook: All Eyes on FOMC December Meeting
Bitcoin started the new week on a corrective note after posting an incredible $1,300 price rally during the weekend.
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The markets should see a rise in volatility heading into these events, so you should focus on the FX, U.S. equity and fixed income markets in November. In early November 2016, the FOMC will be meeting and the U.S. weekly unemployment numbers are coming in just a few days before the U.S. Presidential election. The markets should see a rise in volatility heading into these events, so you should focus on the FX, U.S. equity and fixed income markets in November. Although the market is pricing in a 92.8% probability that Federal Open Market Committee (FOMC) voting members will leave rates....
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 fell more than 0.5 percent on Monday after a rebound in US Treasury yields, and the US dollar index manipulated traders' short-term appetite for the cryptocurrency.
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 […]