FOMC Preview: Bitcoin At Risk As Fed Prepares Market-Shaking Decision
All eyes are on the Federal Open Market Committee (FOMC) meeting tomorrow, March 19, with a rate decision that many analysts believe could set the tone for global risk assets, including Bitcoin (BTC), for the months ahead. Markets are pricing in a 99% probability that the Federal Reserve will keep its benchmark interest rate unchanged, […]
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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 […]
The Bitcoin price has risen above $30,000 for the first time since June 2022, continuing the uptrend that began earlier this year. After the price last struggled with resistance at $28,600 on the 1-day chart for over three weeks, the explosive breakout occurred yesterday while both traditional markets and gold remained flat. However, as Bitcoinist reported in this week’s macro preview, tomorrow is the most important day of the week, if not the month. Wednesday, April 12, the US Consumer Price Index (CPI) for March will be released at 8:30 am EST. A few hours later, at 2:00 pm EST,....
The coming week concentrates macro and protocol-specific catalysts into a tight window, with the Federal Reserve’s FOMC decision and several high-profile project events landing between December 10 and 12. #1 Crypto On Alert: Fed’s Dec. 10 Rate Decision The US Federal Reserve’s FOMC interest rate decision on Dec. 10 looms as a key macro catalyst […]
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....
Bitcoin enters a macro-heavy week with the Federal Reserve’s September policy meeting, updated economic projections and a Powell press conference all landing on Wednesday, September 17—events that have historically set the tone for risk assets into quarter-end. As of early Monday in Europe, Bitcoin trades near $116,500 while Ether changes hands around $4,660, with positioning […]