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š²šµš²#Big Day Ahead for Crypto ā FOMC Decision Incomingšššš¢š¢š„š„
Bitcoin (BTC)Update:
$BTC 96,795.27
(+2.01%)
All eyes are on tomorrowās Federal Reserve rate announcement, scheduled for 2 PM UTC. While itās expected that rates will remain unchanged, the real market-moving moment will come 30 minutes later when Fed Chair Jerome Powell speaks.
Hereās why it matters:
Since the last meeting, the economic landscape has shifted. Weāve seen a drop in inflation, but at the same time, GDP growth has slipped into the negative. This combination could push Powell to take a more dovish stance, possibly signaling that easing measures are on the table. If that happens, Iām expecting a strong rally in risk assetsāespecially crypto like Bitcoin.
Keep an eye on QT:
Thereās also a chance the Fed could announce a pause or end to quantitative tightening (QT)ātheir liquidity-draining bond sell-off strategy. If QT is wound down, that could pump even more life into the markets and fuel further crypto momentum.
$XRP 2.1287 (-0.22%)
My Takeaway:
The rate decision itself might be a non-event, but Powellās tone during the press conference will be critical. Volatility is almost guaranteed, so be ready for some wild swings.
$SOL 147.08 (+1.87%)
Letās see how this plays outācould be a major setup for the next big crypto move.š„šš
#CryptoWatch #FOMCā¬ā© #BitcoinMovement: #CryptoVolatility #SOL #XRP
#Altcoins šš
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