#FOMCMeeting Why are cryptocurrency traders important?

The Federal Open Market Committee (FOMC) meeting is a turning point in global markets. Investors closely monitor this event, as its decisions on interest rates and monetary policy directly impact the strength of the dollar, liquidity levels, and risk appetite in the market.

In the world of cryptocurrencies, announcements of interest rate hikes or cuts often lead to sharp price fluctuations in cryptocurrencies.

Higher interest rates = lower liquidity = pressure on high-risk assets such as cryptocurrencies.

Lowering interest rates = Stimulating liquidity = Supporting digital markets.

Tip for traders: Keep an eye on the Fed's statements and be prepared for volatility!