#BTC #FedMeeting

"IMPORTANT DATA 👍🏽🪙🏦

Bitcoin is hours away from experiencing a “quake”

The price of bitcoin (BTC) will enter days of high volatility as key announcements for the cryptocurrency ecosystem approach.

Bitcoin (BTC) is preparing to experience an intense schedule of macroeconomic news that could shake its price in the coming hours.

The first of these events will be today, July 30, when the Federal Reserve of the United States (FED) holds the Federal Open Market Committee (FOMC) meeting, where the monetary policy of the world's leading financial power will be decided.

If Powell anticipates a cut for September, it will directly impact the price of bitcoin and cryptocurrencies. This is because when interest rates are low, the cost of borrowing also decreases, and thus, the appetite for risk awakens.

However, if there is a tightening of these policies, it could generate downward pressure on BTC. In both scenarios, volatility in the market is expected. The market emphasizes the importance of being informed and being prudent.