🚨 The Fed held rates steady… but 2 voted to RAISE them 🚨
Yesterday, the Federal Reserve kept its rate at 3.75%–4%. What spooked the market was the 10–2 vote: two members wanted to raise rates. 😬
📉 What happened:
$BTC briefly fell below $80,000. At today’s FIX exchange rate (18.67), that’s about 1.49 million pesos per Bitcoin.
The entire crypto market dropped ~1.3%, and more than $350 million in futures were liquidated. 💥
$XRP also fell below the level it had broken through a few days ago.
🇲🇽 What about the peso?
The dollar rose a little after the Fed announcement and opened between 18.61 and 18.70. Keep in mind: banks are selling it for over 19 pesos.
👀 What’s coming TODAY:
The U.S. GDP and PCE inflation data are due out. If inflation comes in high, bets on rate hikes will increase, and we could see more pressure.
Levels the market is watching: support at 77k–80k, resistance at 81k–81.7k.
🟢 A positive sign: U.S. Bitcoin ETFs have seen inflows for 3 days in a row (+$137 million yesterday). Institutions are still buying the dip.
💬 What are you doing? Buying the dip or waiting to see 77k? 👇
This is not financial advice. Always do your own research before investing.
#FedWatch
Yesterday, the Federal Reserve kept its rate at 3.75%–4%. What spooked the market was the 10–2 vote: two members wanted to raise rates. 😬
📉 What happened:
$BTC briefly fell below $80,000. At today’s FIX exchange rate (18.67), that’s about 1.49 million pesos per Bitcoin.
The entire crypto market dropped ~1.3%, and more than $350 million in futures were liquidated. 💥
$XRP also fell below the level it had broken through a few days ago.
🇲🇽 What about the peso?
The dollar rose a little after the Fed announcement and opened between 18.61 and 18.70. Keep in mind: banks are selling it for over 19 pesos.
👀 What’s coming TODAY:
The U.S. GDP and PCE inflation data are due out. If inflation comes in high, bets on rate hikes will increase, and we could see more pressure.
Levels the market is watching: support at 77k–80k, resistance at 81k–81.7k.
🟢 A positive sign: U.S. Bitcoin ETFs have seen inflows for 3 days in a row (+$137 million yesterday). Institutions are still buying the dip.
💬 What are you doing? Buying the dip or waiting to see 77k? 👇
This is not financial advice. Always do your own research before investing.
#FedWatch