Thursday, November 21, 2024
Home > News > Bitcoin News > FOMC Meeting Poses Risk for Bitcoin (BTC) and Crypto Prices, Analyst Says

FOMC Meeting Poses Risk for Bitcoin (BTC) and Crypto Prices, Analyst Says

“The Fed decision this week poses a risk, with concerns over a less investor-friendly policy stance due to strong U.S. economic data and inflation,” Joel Kruger, market strategist at LMAX Group, said in an emailed note. “While correlations between crypto and traditional assets have been low, a risk-off sentiment from the Fed decision could spill over into crypto.”

Source