Why the Crypto Market is Sweating Bullets Over the Fed Meeting!

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So, here we are, folks. The cryptocurrency market is doing this weird little dance, you know, like a chicken trying to cross the road, all because of the Federal Reserve meeting. Investors and traders are on the edge of their seats, probably sweating more than a sinner in church. 😅

Now, the Fed’s got this two-day policy meeting starting Tuesday, and everyone’s watching like it’s the Super Bowl. According to the CME Group FedWatch Tool—yes, that’s a thing—officials are expected to keep the overnight borrowing rates between 4.25% and 4.50%. Sounds thrilling, right? Like watching paint dry! 🎨

And let’s not forget our buddy Jerome Powell, the Fed Chairman. He’s made it crystal clear that he’s not in the mood to lower interest rates. But you know how it goes—everyone will be hanging on his every word after the meeting, looking for any hint of an economic slowdown or a change in monetary policy. It’s like waiting for a sequel to a movie that was never that great in the first place. 🎬

Crypto market reacts

So, crypto investors are tiptoeing around like they’re in a minefield ahead of the Fed’s policy meeting on March 18-19. Interest rates are expected to stay the same, which is just fantastic news for market sentiment. Bitcoin, Ethereum, and the rest of the digital gang are practically holding their breath. 😬

As of now, Bitcoin and Ethereum are down a smidge in the last 24 hours. Traders are waiting for some kind of clear signal, but it’s like waiting for a bus that never comes. Meanwhile, XRP, SOL, and Shiba Inu took a nosedive of nearly 4%. Cardano, Dogecoin, and Polkadot? They dropped 3%. Cronos lost almost 10%, while Tron and Toncoin decided to rise 4%. It’s like a rollercoaster, but without the fun. 🎢

And let’s not ignore the economic uncertainty and global tensions. According to Polymarket participants, there’s a 51% chance that BTC closes the week between $81,000 and $87,000. So, you know, flip a coin! 🪙

Ki Young Ju, the head honcho at CryptoQuant, thinks the Bitcoin bull market might be over. He’s saying we could be in for 6-12 months of bearish or sideways price action. Great! Just what we need—more sideways action. It’s like watching a car stuck in traffic. 🚗💨

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2025-03-18 17:05