#FOMCMeeting
The crypto market is on edge as the US Federal Open Market Committee (FOMC) prepares to announce its interest rate decision on June 18. Bitcoin, currently trading at $105,602, remains below the $107,000 mark, with traders anticipating volatility. According to the CME FedWatch Tool, there’s a 98% chance of no rate change this month, and 84% for July. Analyst Michael van de Poppe warns of a potential dip below $105,000, which could trigger a liquidation cascade. Last week’s CPI report showed rising inflation, adding to economic uncertainty. Will the FOMC’s decision stabilize or disrupt the market? Stay tuned for updates.