FOMC - Bitcoin Dogecoin Shiba Inu Pumped After The Last FOMC Meeting—Will History Repeat On Wednesday? | Benzinga
Pseudonymous cryptocurrency trader Kevin recently shared his thoughts on the upcoming Federal Open Market Committee (FOMC) meeting, predicting it could have a sizeable impact on the cryptocurrency market.
What Happened: Kevin in his latest tweet emphasized the importance of the meeting, set to take place on Wednesday, as a catalyst for the next significant move in the market.
According to Kevin, the crypto market has been experiencing a “horrendous slow bleed” over the past few weeks, with most cryptocurrencies closing in the red for 15 out of the last 20 days. He attributes this lackluster performance to investors awaiting more economic data and guidance on potential interest rate cuts.
Kevin believes that the upcoming FOMC meeting will provide much-needed clarity on the future direction of interest rates. He ...