What impact will the FOMC decision have on cryptocurrency prices?

1 answers

• Nov 28, 2021 · 3 years ago
  At BYDFi, we believe that the FOMC decision can have both short-term and long-term effects on cryptocurrency prices. In the short term, the immediate reaction to the FOMC decision may cause volatility in the cryptocurrency market. Traders and investors may react based on their interpretation of the decision and its potential impact on the overall economy. However, in the long term, the impact of the FOMC decision on cryptocurrency prices may be overshadowed by other factors such as technological advancements, regulatory developments, and market adoption. It's important to consider the FOMC decision as one piece of the puzzle when analyzing cryptocurrency prices, rather than the sole determining factor.
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