Cryptocurrency Q&A
Will crypto market shaking moves follow Fed's policy-making meeting?
Will crypto market shaking moves follow Fed's policy-making meeting?
Claudio
Wed Jul 17 2024
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6 answers
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As the cryptocurrency market remains volatile, investors are closely watching the upcoming Federal Reserve's policy-making meeting. With the global economy still reeling from the pandemic, any shifts in monetary policy could have significant implications for crypto assets. Will the Fed's decisions lead to further shaking moves in the crypto market? Analysts are divided, with some predicting a bull run on any signs of a dovish stance while others warn of a potential sell-off if the Fed signals a hawkish approach. Will we witness another wild ride for cryptos in the aftermath of the Fed's meeting? The market awaits with bated breath.
6 answers
Ilaria
Fri Jul 19 2024
Cryptocurrency analysts and traders are not anticipating significant market fluctuations following the Federal Reserve's policy-making meeting on Wednesday.
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DreamlitGlory
Fri Jul 19 2024
This is primarily due to the fact that the market has been anticipating a rate hike of 50 basis points for a month now.
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DigitalDynastyQueen
Fri Jul 19 2024
Such an expectation has already been factored into the pricing of various cryptocurrencies, limiting the potential for significant upward or downward moves.
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CryptoWizardry
Thu Jul 18 2024
While the Fed's decision will undoubtedly have an impact on the broader financial markets, its influence on the crypto market is expected to be muted.
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Michele
Thu Jul 18 2024
Traders and investors in the crypto space are focusing on other factors, such as the development of blockchain technology and the adoption of cryptocurrencies by institutions and governments.
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