FOMC Begins, Crypto Bullish Despite Interest Rates Expected to Stay
The Federal Open Market Committee (FOMC) meeting starts today, June 17, with US interest rates expected to remain unchanged. However, interestingly, the crypto market is showing bullish sentiment; Bitcoin is up and the global market capitalization has reached US$3.2 Trillion.
This phenomenon indicates that traders are currently prioritizing market momentum and the internal fundamentals of crypto assets, over direct monetary policy signals from The Fed.
Disclaimer: This is not financial advice (NFA). Do your own research (DYOR).