Although it does not have an immediate effect, it is expected that the agency will reduce the interest rate. What we see today since the rise of #BTC🔥🔥🔥🔥🔥 broke another historic record before the year ends, only represents market speculation. And like all speculation, the market correction soon follows. $BTC
It would be the second consecutive reduction, indicating a recovery in the strength of the North American economy, but this will not impact prices, as the market is already working with this certainty and optimism of a reduction.
This, combined with the government's greater institutional involvement in crypto projects, means that the market is influenced much more by macroeconomic factors than by traditional chart and index factors.
🔰 BTC and the Federal Reserve: Complex Relationship.
Bitcoin, the pioneering cryptocurrency, and the Federal Reserve, the central bank of the United States, are two entities that, at first glance, seem distant. However, their actions and policies profoundly influence the global economic scenario and, consequently, the value and volatility of bitcoin.
The rise of BTC makes altcoins rise along with the great optimism last month with the results of the elections and the large volume of sales of NFT'S and others within the network. Ethereum is proof of this influence, given a recent transition
in the new form of currency mining. $ETH
🔰 Interest rates: When the Fed raises interest rates, investments in risky assets like bitcoin tend to become less attractive. This can lead to a drop in the price of the cryptocurrency.
(IN THIS CASE WE ARE TALKING ABOUT YOUR REDUCTION)
In addition, the change in interest rates makes the crypto market more attractive to certain investors who have a more volatile portfolio behavior.
🔰 Risk Factors 🟥
Regulation: Increasing regulation of cryptocurrencies could affect bitcoin's volatility and its relationship with traditional monetary policy.
Institutional Adoption: The adoption of bitcoin by financial institutions and large investors could change market dynamics.
The correlation between Bitcoin and Fed decisions is complex and can vary over time. Several studies and analyses seek to identify patterns and trends in this relationship.