#StrategySmallestBTC The FOMC meeting will be crucial for Bitcoin's trajectory: analyst

Traders and investors will be on the lookout for any signs regarding the end of the Fed's quantitative easing (QT) program, "a measure that could boost liquidity and risk assets," according to Iliya Kalchev, a desk analyst at the digital asset investment platform Nexo.

Markets are currently pricing in a 99% probability that the Fed will keep interest rates steady, according to the latest estimates from CME Group's FedWatch tool.

Still, investors have reduced their exposure to U.S. stocks by a record 40% between February and March, according to the latest Bank of America survey, raising concerns that recession fears could impact Bitcoin's price action.