Markets expect a 94% probability of rate hike: how will Bitcoin react to tomorrow’s FOMC meeting?

2023-5-2 15:30

Quick Take Tomorrow is the next FOMC meeting, in which the markets have priced in a 25bps rate hike which would get the fed funds rate to 5.00 – 5.25. The market is pricing in a 94% probability of a 25 bps rate hike, all but confirmed. However, the FOMC meeting has been historically negative for Bitcoin price action. The price remained stagnant twice in the past nine FOMC meetings and dropped in the other seven. The last four FOMC meetings have seen negative price drops. Bitcoin is down 5% in the past five days, so has the price action led to the FOMC meeting? But ultimately, 2022 was the year of rate hikes, for the first time meaningfully since the 2008 cycle — which is why these events had such a negative influence. Fed Funds: (Source: CME) BTC Price: (Source: @theirish_man)

The post Markets expect a 94% probability of rate hike: how will Bitcoin react to tomorrow’s FOMC meeting? appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 97549.5 (+0.22%)
Объем 24H $97.053b
Изменеия 24h: 3.28 %, 7d: 7.57 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1930.058b Rank 1
Цена в час новости $ 28043.51 (247.85%)

fomc hike bitcoin rate meeting probability history

Источник: cryptoslate.com

fomc hike → Результатов: 34


Фото:

No Imminent Crypto Market Upurge Expected Following Release Of June 2022 US CPI Data

At the last meeting in mid-June 2022, the Federal Open Market Committee (FOMC)  announced their biggest interest rate hike in four decades of 75 basis points. Following this interest rate announcement, the crypto markets collapsed in anticipation of future interest rate hikes to curb rising inflation amidst fears of a looming global recession. At the […]

2022-7-19 00:52


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

MicroStrategy’s Michael Saylor to pitch Bitcoin strategy to Microsoft’s board

Michael Saylor, prominent Bitcoin advocate and founder of MicroStrategy, will present a Bitcoin investment strategy to Microsoft’s board of directors next month. In a Nov. 19 VanEck-hosted X Space, Saylor shared that he has been allotted three minutes to make a case for Bitcoin investment to Microsoft’s board of directors.

Michael Saylor to present investing in Bitcoin to Microsoft board

MicroStrategy’s executive chairman, Michael Saylor, will give a presentation about investing in Bitcoin to Microsoft’s board in just three minutes. This announcement came after Michael Saylor joined VanEck’s X Spaces on Nov. 19. In a very limited time, he will…

Metaplanet To Expand Bitcoin Holdings With $11.3 Million Bond Sale

In an announcement today, Japanese firm Metaplanet revealed plans to increase its Bitcoin (BTC) holdings by issuing $11. 3 million worth of bonds to fund the purchase. Metaplanet To Increase BTC Holdings Through Bond Issuance The Tokyo-listed company announced on November 18 that its Board of Directors had approved a debt sale with a guarantee worth 1.