BTC Price: 97,182.02 (+3.27%)
At 2PM UTC tomorrow, the Federal Reserve (FOMC) will announce its interest rate decision.
At this point, it's almost certain that there won’t be a rate cut — and the markets have already priced that in.
However, the most critical moment will come 30 minutes later with Chair Jerome Powell’s press conference.
Since the last FOMC meeting, inflation has declined and GDP has turned negative.
These two factors could lead Powell to take a dovish tone, which would be extremely bullish for risk-on assets like crypto.
I also believe the Fed might announce the end of Quantitative Tightening (QT) — a policy that’s been in place since 2022.
XRP Price: 2.1407 (+1.67%)
If the Fed signals a bullish stance for the markets, this could be the turning point for a major altcoin reversal.
