Traders' expectations regarding the impact of the Fed meeting on digital currencies expected today?

📅 June 12, 2024:

🎯 The importance of the Fed meeting

US Federal Reserve meetings control monetary policy through crucial decisions on interest rates, which affects inflation rates, consumer spending, and borrowing. The effects of these decisions extend to global markets.

🧐Forecasts and analyses

Some analysts point to the possibility of a rate cut to counter the slowdown in economic growth, which could be positive for the digital currency market. However, the possibilities remain open and investors should be cautious and make informed decisions

📈 Raising interest rates may push capital towards safe assets such as government bonds, reducing demand for digital currencies. This could lead to a decline in Bitcoin and Ethereum prices as a result of reduced investments in riskier assets.

📉On the other hand, lowering interest rates encourages the search for higher returns in risky assets such as digital currencies. Lower borrowing costs and increased liquidity may raise demand for Bitcoin and cryptocurrencies, pushing their prices higher.

It is recommended to adhere to investment distribution strategies to reduce risks, follow economic news and updates, and think about long-term investments.