$BTC
Bitcoin and the US Federal Reserve Meeting |#BTCpredictions
Bitcoin movements are directly affected by monetary policies, especially the US Federal Reserve's decisions regarding interest rates. When rates are raised, risk appetite in the markets decreases, prompting many investors to exit high-volatility assets like cryptocurrencies. Conversely, when the Fed hints at stabilizing or lowering interest rates, momentum returns to Bitcoin as an alternative refuge and store of value.
Today's Federal Reserve meeting holds particular importance, coming amid expectations of interest rate stabilization, but observers are awaiting Jerome Powell's statements to understand the future direction. Any dovish tone could push Bitcoin to surpass the resistance of $99,900, while a hawkish tone could increase market volatility.
