How does FOMC decision-making affect the value of digital currencies?

1 answers

• Nov 24, 2021 · 3 years ago
  At BYDFi, we closely follow the FOMC decision-making process and its impact on digital currencies. The FOMC's decisions on interest rates have a direct impact on the value of digital currencies, as they affect the value of the US dollar. When the FOMC raises interest rates, it can lead to a decrease in the value of digital currencies, as investors may choose to invest in traditional assets instead. Conversely, when the FOMC lowers interest rates, it can lead to an increase in the value of digital currencies, as investors seek higher returns. It's important for traders and investors in the digital currency market to stay informed about the FOMC's decisions and their potential impact on the market.
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