Bitcoin, Dogecoin, Shiba Inu Pumped After The Last FOMC Meeting—Will History Repeat On Wednesday?
Portfolio Pulse from Khyathi Dalal
Cryptocurrency trader Kevin predicts the upcoming FOMC meeting could significantly impact the crypto market, with potential for sharp movements based on the Federal Reserve's stance on interest rates. Historical data shows Bitcoin, Dogecoin, and Shiba Inu reacted to the last FOMC meeting, and similar volatility is expected. Bank of America's economist anticipates no immediate rate changes, focusing on future policy actions.
April 30, 2024 | 4:53 pm
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NEUTRAL IMPACT
Bitcoin's price could experience significant volatility following the FOMC meeting, depending on the Federal Reserve's stance on interest rates.
Bitcoin's price has historically shown sensitivity to macroeconomic indicators and Federal Reserve policies. The anticipation of the FOMC meeting and its outcome on interest rates could lead to sharp price movements.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Dogecoin may see sharp price movements in response to the FOMC meeting's outcome on interest rates.
Dogecoin, being highly volatile and influenced by market sentiment, could react strongly to the Federal Reserve's announcements regarding interest rates, as seen in past FOMC meetings.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Shiba Inu's price could be significantly impacted by the Federal Reserve's interest rate decisions announced at the FOMC meeting.
Shiba Inu, similar to Dogecoin, is subject to market sentiments and could experience sharp price movements in response to the Federal Reserve's stance on interest rates revealed during the FOMC meeting.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80