How Will the FOMC Meeting Impact Bitcoin Price?
The Federal Open market Committee (FOMC) meeting is set to begin on January 31st, with a 50-50 chance of either a rate pause or rate cut in March. The crypto market is optimistic about the possibility of a rate hike, which would be bullish for Bitcoin. However, analysts expect a volatile performance for Bitcoin this week, with some predicting a bearish sentiment if the rate is cut. Despite this, Bitcoin has rebounded and gained 2.71% to $43,366.28, with a market cap of $850.70 billion and a trading volume of $22.56 billion in the last 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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