Tomorrow's crypto$BTC market is expected to be highly volatile! 🚨 The FOMC rate cut decision will be announced at 2 PM UTC, and while a rate cut seems unlikely, the real focus will be on Powell's press conference 30 minutes later. Given the recent decline in inflation and negative GDP growth, Powell might adopt a dovish tone, which could boost risk-on assets like $ETH
cryptocurrencies. There's also speculation that the Fed might announce the end of Quantitative Tightening (QT), which has been ongoing since 2022. If the Fed's tone is market-friendly, we might see a reversal in altcoins.
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