The US Federal Reserve (FED) will announce its interest rate decision today at 21.00 CEST. For you, we examined the expectations of the markets and what happened in Bitcoin (BTC) in line with the Fed’s past decisions.
Contrary to the expectations of 50 basis points at its meeting on June 15, the Fed 75 basis point rate hike had explained.
With the inflation data coming above expectations, the central bank said in a statement on June 15, 75 basis points announced an increase. After the interest rate was announced, volatile movements were observed in Bitcoin. Bitcoin, which first reacted by experiencing a decline during the statement, then approximately Ascend for 3 hours had performance. However, the market showed its direction after these 3 hours and % in Bitcoin.Nearly 20 drops occurred.
Many commentators and analysts 50 basis points interest He said that he priced the increase and therefore the decrease continued.
Fed met expectations at its July 27 meeting 75 basis points announced an interest rate hike.
Bitcoin, which continued to rise throughout the day on July 27, after the announcement. violent upward movement continued. of the market 75 basis point expectations. Many investors who think that they are priced A 100 basis point rate hike It is thought that he bought in Bitcoin because he did not come.
Fed To Announce Its Interest Rate Decision After 2 Months Break: What are the expectations?
After the US inflation data came above expectations, there was a significant increase in the number of investors waiting 100 basis points in the market. When the inflation data announced on September 13 came above the expectations, investors thought that the interest rate increase would become aggressive, and they exited both the crypto money market and traditional markets.
At the time of release of inflation data 22,800 from dollar levels traded Bitcoin, at the time of writing 19.250 traded in dollars.
Futures market Chicago Mercantile Exchange (CME) Group, 75 basis points at 82% and 100 basis points at 18% while the expectation to 50 basis points has no expectations. Citigroup and Nomura, the world’s largest banks, It expects a 100 basis point rate hike.
As the market expects 75 basis points, Bitcoin is thought to be priced according to this interest increase. by many market commentators 100 basis points It is suggested that Bitcoin will seek new bottoms in the event of a crash. 75 or 50 basis points In the case of Bitcoin, it is in the scenario that it is possible to dip these levels and show new rises.