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A media specializing in cryptocurrencies, predicted that if the US Federal Reserve System (Fed) does not send a signal to stop tightening at the FOMC meeting tomorrow, the bitcoin rally is expected to slow down. In this regard, Dick Law, founder of quant trading firm TDX Strategies, said: "The market now expects the Fed to use more open language in this statement rather than 'further policy decisions may be appropriate.' It is not expected that the Fed will send a signal to stop raising interest rates.” On the other hand, Markus Thielen, senior researcher at Matrixport, a cryptocurrency service provider, said, "Even if the Fed sends a signal to raise interest rates at this FOMC, market expectations for a pivot (policy transition) will remain." #US #federal #bankingcrash #crypto2023

A media specializing in cryptocurrencies, predicted that if the US Federal Reserve System (Fed) does not send a signal to stop tightening at the FOMC meeting tomorrow, the bitcoin rally is expected to slow down. In this regard, Dick Law, founder of quant trading firm TDX Strategies, said: "The market now expects the Fed to use more open language in this statement rather than 'further policy decisions may be appropriate.' It is not expected that the Fed will send a signal to stop raising interest rates.” On the other hand, Markus Thielen, senior researcher at Matrixport, a cryptocurrency service provider, said, "Even if the Fed sends a signal to raise interest rates at this FOMC, market expectations for a pivot (policy transition) will remain."

#US #federal #bankingcrash #crypto2023

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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