Shock is coming!!!
The US interest rate policy decision may cause a huge market shock, and the situation of Bitcoin and other currencies is grim?
The US is about to announce its interest rate policy decision, which is likely to cause a big shock in the market. Global investors are watching because it is related to the US and global financial markets.
Bitcoin has been very weak recently, and its price has been falling. The altcoin has fallen even more sharply.
If the data is negative, Bitcoin may fall to 60,000, and altcoins are even more worrying. In this way, the originally bullish market this month is no longer viable. Last week's data made the market sentiment very bad.
The Fed's interest rate decision this week has attracted much attention. It is predicted that because the strong employment data in May shows the resilience of the US economy, the interest rate may be maintained in the range of 5.25% to 5.5% for the seventh consecutive meeting, which shows both confidence and prudence.
The market is very concerned about the Fed's attitude towards complex data. When inflation is high, it is necessary to find a balance between economic growth and inflation control. Some people think that in order to stabilize the economy, policymakers may reduce the number of planned interest rate cuts this year.
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