On-chain research firm Arcane Research reported that Bitcoin (BTC) volatile movements reached a recent high during the US interest rate decisions.
by Arcane Research shared According to data last week Federal Open Market Committee During the (FOMC) meeting, the largest volatile movement of recent times took place on Bitcoin. This kind of volatile movement in the markets was last seen in the first week of September. US Consumer Price Index It was seen during the (CPI) data.
Each rate hike by the Fed increases the pressure on the cryptocurrency market. According to analysts, markets are therefore faced with a new volatile movement after each FOMC meeting. The reason for this extra high volatility in the FOMC meeting in September is interpreted as the absence of the said meeting in August and a potential squeeze.
It seems that US financial regulators will continue to tighten their monetary policies. The other 2 dates that are important for investors in the coming period are: October 13 and 2 November appears as. of the USA CPI on October 13 description of data and 2 Novemberin another FOMC hold a meeting interest rate decision is planned to be made public. The next rate hike, according to the market consensus, is once again 75 basis points will be.
