How Will the Fed Rate Decision Affect Bitcoin? Economists Evaluated!

Today FED will announce the interest rate decision and bitcoin And cryptocurrency market focused on this data.

The FED is expected to announce its interest rate decision today at 18:00 UTC, ie 21:00 CEST.

While Wall Street banks generally predicted a 25 basis point rate hike in May, CME data shows an 89% probability of a 25 basis point increase.

The overall expectation is 25 basis points. BTC And Ethereum (ETH) In line with this expectation, it can continue its upward momentum.

However, analysts say that the state of BTC and the crypto market is completely Fed Chairman Jerome PowellHe states that it depends on the statements of .

Follow our Twitter account now to learn about the Fed decision and Powell’s statements at the last minute! -> https://twitter.com/bitcoinsistemi

Speaking to Bloomberg, Former Dallas Fed Chairman Robert Kaplan By signaling a pause in the US Federal Reserve’s aggressive rate-raising strategy “a hawkish stop” He said he had to think.

Kaplan stated that the rise of the markets needs a more moderate approach from the FED. “FED now needs to stop its aggressive policy of increasing interest rates.” said.

Apart from Kaplan, JP Morgan chief market strategist Tai Hui also said he believes the Fed should raise interest rates another 25 basis points this month and then pause.

The JP Morgan strategy also stated that the FED will cut interest rates this year and will try to bring inflation to its target level by 2024.

Affected positively/negatively by the Fed’s interest rate decisions bitcoin It has gained 1.74% in the last 24 hours and continues to trade at $28,518 at the time of writing.

*Not investment advice.