#FOMCMeeting

FOMC and the Impact on Cryptocurrencies

The last meeting of the FOMC (Federal Open Market Committee) kept interest rates stable but signaled caution regarding inflation, affecting the cryptocurrency market. Bitcoin (BTC) and Ethereum (ETH) reacted with volatility, reflecting uncertainty about when interest rate cuts will begin.

If the Fed maintains a restrictive policy, cryptocurrencies may face pressure in the short term. However, a potential monetary easing in 2024 could boost risk assets, including cryptos.

Investors are also keeping an eye on the BTC Spot ETF, which could bring greater liquidity and institutional adoption, regardless of the FOMC's decisions. The market is awaiting the next announcements to guide positions.