Crypto Money Market will be released from the Federal Open Market Committee (FOMC) meeting that will end today interest ratena locked. Investors await a great curiosity of the US Central Bank (FED) on interest rates. Will be announced today Fed interest rate decisionand the president after the decision Jerome PowellThe statements of the FOMC press conference to be held will have significant effects on the crypto currency market.
March 19 Fed interest rate decision: Expectations and possible effects on crypto currencies
Currently interest in the United States is in the range of 4.25 – 4.5 percent. The FED is expected to make a decision to keep the interest constant almost as precisely from the FOMC meeting, which will end today. Fed Members and President Powelladhesive inflation, global economic uncertainties and Donald Trump’s re -election after the surprise moves will be cautious. This is Crypto Money MarketIt causes the downward trend to predict.
As it is known, the high interest environment pushes investors to safer ports. This reduces demand for high -risk assets such as crypto currencies. High interest investors especially bond pushing to safe ports like. This trend Bitcoin (BTC) $82,775.63 And the price of Altcoins is suppressing because liquidity flow is either limited or negative.
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Considering the current stance of the Fed, the probability of interest reduction is quite low. Because interestPowell’s statements at the press conference will be decisive for global markets and crypto money market. At this point, pigeon speech from Powell may cause liquidity increase in the crypto currency market. Because in such a scenario, investors’ risk appetite will increase and they will turn to more risky assets such as crypto currencies from safe ports. This will bring rise in the prices of crypto currencies. However, a Sahin Speech Speak the market upside down and Bitcoin And it will cause harsh decreases in Altcoins.
On the other hand, an unexpected interest rate reduction can cause more liquidity to the market, causing harsh rise. However, considering the current economic indicators and the stance of the FED, this probability seems quite low as 1 percent.
When will the Fed interest rate decision be announced?
Fed interest rate decision will be announced today at 21.00. With the interest rate decision, interest rate estimation at the same time – 1. year (1st quarter), interest rate estimation – 2nd year (1st quarter), interest rate estimation – current (1st quarter), interest rate estimated – long -term (1. quarter) figures will be shared with the public.
Powell’s press conference will start at 21.30. The meeting is expected to last until 22.30.
Crypto currencies await the interest rate decision: Status of Bitcoin and Altcoins
Largest crypto currency Bitcoin is moving horizontally in a very narrow band like 80 thousand to 85 thousand dollars. This shows that the market expects the Fed interest rate decision. AltcoinThere is a similar course. The total market value is around 2.70 trillion dollars and the sense of investor is still in the horror zone (32) according to the crypto fear and greed index.
Towards and after the Fed interest rate decision will be announced, especially during Powell’s press conference, volatility is increased in the crypto currency market. Experts advise the market to be suspended until the market’s response to the interest rate decision is understood.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
