Market Volatility Expected: Historically, FOMC minutes have led to significant market movements. For instance, during the last FOMC minutes release on February 21, 2024, the S&P 500 saw a sharp 1.2% drop within an hour, while Bitcoin (BTC) experienced a rapid 2.5% decline to $50,800 on the BTC/USD pair on Binance by 3:00 PM ET.
Crypto Market Impact: Cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are particularly sensitive to macroeconomic indicators. Any hints at future interest rate changes can lead to swift price movements. As of now:
BTC is trading at approximately $107,974, down 0.83% in the last 24 hours.
ETH is at $2,728.92, up 3.5% over the same period.
BNB is priced at $685.94, showing a modest increase of 0.