All eyes on Fed monetary policy meeting
Many believe that investors are waiting for the Federal Reserve’s monetary policy meeting on March 20 before deciding to invest more in cryptocurrencies, despite widespread expectations that interest rates will remain unchanged. The decision goes beyond short-term considerations and focuses on the Fed's confidence in the continued strength of the economy.
Another major uncertainty for Bitcoin investors is when the Federal Reserve will stop reducing its $7.5 trillion balance sheet. Generally speaking, a more expansionary monetary policy from the Fed means more money in circulation, which is good for risk assets.
