FOMC's Potential Impact on the Crypto Market 🚨
The upcoming FOMC meeting will have a significant impact on the crypto market.
The Fed's interest rate decisions directly affect risk assets. If the Fed keeps interest rates high, it could decrease demand for crypto and put downward pressure on prices.
On the other hand, a dovish meeting and expectations for rate cuts could give the crypto market a new boost.
However, it's not just the rate decision that matters—Fed Chairman's statements will also be critical for investors. Therefore, crypto investors should stay cautious and closely monitor every development.
What do you think the outcome of the meeting will be?