Bitcoin usually increases in price every time this event takes place? Get ready, because this event is about to take place in the next few hours.
In the next few hours, the FOMC (Federal Open Market Committee) will take place in the United States. This is a regular event, accompanied by statements from the FED on monetary policies, especially information about interest rate changes.
With information that CPI (y/y) has declined, showing that inflation has gradually been controlled, the market expects the FED to make a "bullish" statement for the whole market, for example suggesting a interest rate cuts in the second half of 2024.
According to data recorded from December 2023, after each FOMC meeting, Bitcoin grew by about 20% immediately afterward. These statistics are reinforced when the FED makes positive statements every time the CPI and inflation are well controlled. Let's wait and see the results of the FOMC in the next few hours.
