If you're still expecting an October Fed hike, stop now.
Too many traders panic sell $BTC ahead of these meetings only to watch it rally when the pause comes through, leaving them on the sidelines again.
October hike odds have crashed to 21.6 percent after weak jobs data and cooling inflation. Everyone is watching the FOMC minutes for signs they will hold rates. A pause takes pressure off borrowing costs and improves liquidity, which tends to spark more buying in $BTC and $ETH .
Some still worry that higher Treasury yields could keep the Fed hawkish. I see the recent numbers pointing more toward a pause, which has been a tailwind for crypto in the past.
What's your take on how this affects $BTC from here?
#FOMC #Bitcoin #FedMinutes
Too many traders panic sell $BTC ahead of these meetings only to watch it rally when the pause comes through, leaving them on the sidelines again.
October hike odds have crashed to 21.6 percent after weak jobs data and cooling inflation. Everyone is watching the FOMC minutes for signs they will hold rates. A pause takes pressure off borrowing costs and improves liquidity, which tends to spark more buying in $BTC and $ETH .
Some still worry that higher Treasury yields could keep the Fed hawkish. I see the recent numbers pointing more toward a pause, which has been a tailwind for crypto in the past.
What's your take on how this affects $BTC from here?
#FOMC #Bitcoin #FedMinutes
