🇺🇸😐 The FOMC decided to hold US interest rates steady today, resulting in an initial drop to crypto prices. Traders had some hope that Jerome Powell may opt to cut rates this time, which would have been the first time this happened since March 15, 2020.

If and when a rate cut finally occurs, this would be a bullish signal for crypto traders and would theoretically lead to a higher potential for both stocks and crypto to thrive for the rest of 2024.

As for how we can expect things to proceed now, after a bit of the emotional selloffs calm down, expect for markets to flatten out barring another large event that could shake crypto. Aggressive whale accumulation and increased crowd negativity would be the ideal recipe for a big market-wide bounce. 📈