The FOMC meeting on 1 February was perhaps the most anticipated event in the investment landscape. This includes the cryptocurrency market, hence the heavy expectations, especially among Bitcoin investors and enthusiasts. Is your portfolio green? Check out the Bitcoin Profit Calculator The biggest question of the day was whether the Federal Reserve (Fed) […]
The Fed aims to stock quantitative tightening measures by June. This means it has a tight deadline to reach its 2% target rate. It might thus have to raise the rates higher within the next three months if there is a risk of missing the target.
Another rate hike above the current level may push the crypto market into a tight corner. That would translate into another bearish scenario that may potentially push Bitcoin below $20,000. There is also a chance that the risk of a potentially higher rate hike in March may influence investor sentiment this month. Perhaps observations in the market may already point towards such an outcome.
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