Bitcoin dropped to extreme discount, says senior Bloomberg strategist prior to the Fed rate decision btc crypto cryptocurrencies $btc
Earlier, McGlone signaled that the market's main cryptocurrency had bottomed out, while noting that pressure on the market still remains due primarily to the energy crisis and high oil prices, directly impacting inflation in the country.is trying to get a foothold in the $19,000-19,500 block. Crypto market participants are waiting for the Fed meeting and preparing for increased volatility. There is a suggestion that the market has already factored in 0.
could start to rise. In the event of a 1% interest rate hike, however, the market is laying down a strong decline.Nevertheless, today's Fed meeting is not so much about the rate hike as it is about the updated forecasts. It is the latter that will determine how high the regulator will raise rates in the future and what will happen to the economy afterwards.As for Mr. Powell's speech, the focus is likely to be on the need to tackle rising consumer prices.
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