The Next Big Thing for Bitcoin? A shift in Fed policy could alter the cryptocurrency landscape.

economictimes.indiatimes.com:

cryptocurrency market is currently under pressure as asset holders brace for the Federal Reserve’s upcoming policy announcement. The investors have keenly observed all the probable policy changes that would affect market liquidity and the valuation of assets. Recently, according to Forbes, the market priced a near 100% probability of the Fed's rate-setting Federal Open Market Committee keeping the interest rates stable since it has lowered the interest rate at every one of its last three meetings.

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Market Sentiment Before the Decision

A cautious stance has been taken by investors as they await the Federal Reserve's ruling. Risk aversion is the reason for the present slowdown in Bitcoin prices as traders wait for the Fed meeting to provide clarification.

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Many traders are keeping an eye on international economic statistics in the interim, searching for clues that might impact the central bank's future course of action. The aura of uncertainty brought forth by the anticipation has caused a brief halt in the price momentum. This sentiment reflects broader market apprehension as participants await potential policy changes.

Possible