As a seasoned crypto investor with a decade of market fluctuations under my belt, I can’t help but feel a mix of anticipation and apprehension as we approach another pivotal week in the world of digital assets. The FOMC minutes on Wednesday will undoubtedly provide some much-needed insights into the Fed’s monetary policy stance, which has played a significant role in Bitcoin’s recent surge.
As I find myself in possession of some Bitcoin (BTC), I can’t help but feel a mix of anticipation and caution as the price hovers comfortably above the $63,000 mark. The upcoming trading days promise to be turbulent, and I, like many other crypto enthusiasts, am preparing myself for the rollercoaster ride that lies ahead.
On Wednesday, it’s anticipated that the Federal Open Market Committee (FOMC) will release their meeting minutes, offering a clearer perspective on their stance regarding monetary policy.
After the Federal Reserve made a significant reduction in interest rates last month, Bitcoin and other high-risk investments have seen a notable surge in value.
Earlier this month, the price of the original cryptocurrency topped the $66,000 mark.
Market participants now expect the Fed to announce another rate cut after its November meeting.
In addition to monitoring Federal Open Market Committee (FOMC) meetings, financial markets will also closely scrutinize significant economic data, with a particular focus on the raw Consumer Price Index (CPI) rate, set for release on Thursday.
Additionally, the Bureau of Labor Statistics plans to release both the Producer Price Index (PPI) and the number of jobless claims.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- USD PHP PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- XRP PREDICTION. XRP cryptocurrency
- AKRO PREDICTION. AKRO cryptocurrency
- SNS PREDICTION. SNS cryptocurrency
- USD ZAR PREDICTION
- BICO PREDICTION. BICO cryptocurrency
- ARRR PREDICTION. ARRR cryptocurrency
- BLXM PREDICTION. BLXM cryptocurrency
2024-10-07 11:13