TOMORROW COULD BE A HIGHLY VOLATILE DAY FOR CRYPTO 🚨
At 2PM UTC, the FOMC rate decision will be released.
Markets are already pricing in no rate cut, so that part likely won’t shock anyone.
But the real market mover?
Powell’s press conference — 30 minutes later.
Since the last FOMC:
Inflation has cooled
GDP has turned negative
This combo could push Powell to sound dovish — which would be very bullish for crypto and other risk-on assets.
There’s also a chance the Fed announces the end of Quantitative Tightening (QT), which has been running since 2022.
If that happens — and the Fed strikes a bullish tone —
altcoins could be on the edge of a major reversal.$BTC