$BTC
The Fed's decision can significantly impact Bitcoin (BTC) pairs. Here's how:
➥ Rate hikes: If the Fed raises interest rates, it can strengthen the US dollar. This often leads investors to sell riskier assets like Bitcoin in favor of the dollar, potentially lowering BTC's price.
➥ Rate cuts: Conversely, if the Fed cuts rates, the dollar may weaken. This could make Bitcoin more attractive as an alternative investment, potentially driving its price up.
Overall, the Fed's decisions create volatility in the cryptocurrency market, and Bitcoin is particularly sensitive due to its speculative nature.
