Crypto analyst with the nickname JrKripto, popular in the Turkish crypto market, said to his 149.8 thousand Twitter followers today, “We are in a turbulent week for the World Financial Market!” He made a warning as a warning. The analyst pointed to the meeting dates of central banks this week in his tweet, where he said that altcoins, including the leading crypto Bitcoin, will experience serious fluctuations and turbulence.
Bitcoin and altcoin investors will keep an eye on the FOMC
After the onset of the pandemic, many governments around the world, especially the USA, began to provide pandemic incentives and lower policy interest rates in order to overcome economic bottlenecks due to closures. This situation created an abundance of liquidity in the markets, and some of the abundant liquidity flowed into the crypto market, causing serious increases in the prices of leading crypto Bitcoin and altcoins. In a way, crypto created inflation.
Now, the “inflation monster” has become a nightmare in the USA, EU and many countries of the world. While the US CPI figures rise to the highest levels in 39 years, the actions to be taken by the Fed will also affect the crypto market. cryptocoin.com The dump that has been experienced in the crypto markets recently, which we have also reported as, is largely due to the FOMC meeting to be held on December 15 this week. BTC, altcoins and stocks sold hard as pressure mounted ahead of the FOMC meeting and the possibility of the Fed stepping up tapering. Crypto investors’ eyes will also be on this meeting whether the Fed will choose to be a hawk or a pigeon.
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