#FOMCMeeting #FOMCMeeting
Bitcoin could rise regardless of the FOMC decision by the FED this week.
Bitcoin has risen above 95,000 dollars again, and gains could continue even after the FOMC this week.
Key points:
The Fed may pause rates but inject liquidity. Cryptocurrencies could rebound as a hedge against a recession.
The weak US dollar and the gold rally signal a shift towards scarce assets.
The decision on interest rates by the US FOMC on May 7 will be a defining moment for risk assets, including cryptocurrencies. Although the consensus points to no changes in interest rates, BTC 84,495 € and altcoins could see gains if the US Treasury is forced to inject liquidity to avoid an economic recession.
A more accommodative monetary policy could stimulate activity, but the Federal Reserve is also dealing with a weakening US dollar. Some analysts argue that a reduction in US interest rates may not stimulate growth while recession risks persist, potentially creating an ideal environment for alternative hedge assets like cryptocurrencies.
