#FOMCMeeting The Federal Reserve's FOMC meeting is underway on June 17, and despite expectations of no interest rate change, the crypto market is flipping bullish. Here's what's driving this trend [6][11]:
- *Market Momentum*: Traders are focusing on momentum and liquidity inflows rather than policy decisions.
- *ETF Demand*: Increased demand for ETFs, particularly Bitcoin and Ethereum, is contributing to the market's upward trend.
- *Whale Accumulation*: Large investors, or "whales," are accumulating major assets, adding to the market's bullish sentiment.
*Key Factors:*
- *Interest Rate Expectations*: High odds of no rate change, with the Fed likely to hold rates steady.
- *Market Dynamics*: Crypto market trends are being driven by technical and market factors rather than traditional economic indicators.
The combination of ETF demand, whale accumulation, and market momentum is driving the crypto market's current bullish trend, despite the uncertainty surrounding the Fed's policy decisions [6].