• The markets expect a 94% probability of a rate hike in the upcoming FOMC meeting.
• Bitcoin’s price has historically remained stagnant or dropped during FOMC meetings, leading to speculation as to why.
• CryptoSlate Alpha offers insights on how this relationship could affect investments.
What is the Upcoming FOMC Meeting?
The Federal Open Market Committee (FOMC) is responsible for making decisions about US monetary policy and interest rates. The next meeting is expected to result in a rate hike of 25 basis points, with a staggering 94% probability according to market expectations.
How Have Previous Meetings Affected Bitcoin’s Price?
Out of the past nine FOMC meetings, Bitcoin’s price has remained stagnant twice and dropped seven times. This has led many investors to question what factors are at play behind this unique relationship between rate hikes and cryptocurrency prices.
Uncovering Critical Insights
CryptoSlate Alpha provides insights into how this connection could impact investments in 2022, unlocking data that can give investors an edge when it comes to understanding the cryptocurrency markets.
How Can I Access These Insights?
To access these insights, users must connect their Solana wallet or learn more about CryptoSlate Alpha. By signing up for CryptoSlate Alpha membership, they will be empowered with cutting-edge knowledge and analysis from Access Protocol so they can make informed investment decisions regarding the cryptocurrency market.
As the markets are expecting a 94% probability of rate hikes due to tomorrow’s FOMC meeting, investors should pay close attention to historic trends between rate hikes and cryptocurrency prices so they can take advantage of potential opportunities that may arise from this unique relationship. By joining CryptoSlate Alpha, users will gain access to in-depth insights on how these developments may affect their investments in 2022 and beyond.