$BTC
The Federal Reserve's FOMC meeting today is expected to significantly impact Bitcoin (BTC). A potential interest rate cut or dovish tone could lead to a BTC rally, making riskier assets more attractive. Conversely, a hawkish tone or surprise rate hike could lead to a decline in BTC's price.
Market participants are pricing in a 53% probability of a rate cut in September, which could support BTC's price. However, uncertainty surrounding the Fed's decision and economic outlook could lead to increased volatility. Key factors to watch include the interest rate decision, Fed's economic outlook, and market volatility. The cryptocurrency market is highly unpredictable, and the FOMC meeting's impact on BTC's price is uncertain.
