$BTC is still trading in a range around roughly 76,000. The Fed statement in the early hours is now in effect: a 1-step rate hike to 3.75%–4% (around 02:00 UTC+8 / before 18:00 UTC the previous day).
Most people are watching, “Did it rise or not?” A cleaner way to read this is: the rate hike itself was broadly expected; what really needs to be broken down is that the dot plot still suggests there could be more movement this year, as well as ETF fund flows and the CLARITY program votes—don’t mix them into the same script.
What are you more concerned about right now: the wording of the statement, or whether the follow-up fund flows have matched it?
$BTC $ETH｜Source: Fed / CNBC｜Not investment advice
Most people are watching, “Did it rise or not?” A cleaner way to read this is: the rate hike itself was broadly expected; what really needs to be broken down is that the dot plot still suggests there could be more movement this year, as well as ETF fund flows and the CLARITY program votes—don’t mix them into the same script.
What are you more concerned about right now: the wording of the statement, or whether the follow-up fund flows have matched it?
$BTC $ETH｜Source: Fed / CNBC｜Not investment advice