Investors' reactions to the FOMC report showed a reduced correlation between the stock market and crypto. Positive funding rates and whale accumulation indicate bullish sentiment for BTC and ETH.
Positive funding rates and increased accumulation by large investors indicate bullish sentiment toward Bitcoin and ETH. sparked different reactions from the crypto and stock markets.
Though the price moved differently, there was bullish sentiment toward crypto. Other critical indicators revealed whether investors were feeling bullish or bearish about Bitcoin and Ethereum. What are these metrics, and how do they reflect the market’s sentiment toward recent developments?was finally unveiled, and it largely met expectations as an interest rate hike had been anticipated.
As per the official FOMC release, the Committee had decided to increase the target range for the federal funds rate to 5% to 5.25%. Following the release, both the stock market and the crypto market reacted, but in different ways.
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