Washington and Tehran Deal Boosts Bitcoin to Two-Week High
Crypto markets have bounced back as investors await the Federal Reserve's Open Market Committee meeting on June 16 and 17, keeping a close eye on any signals regarding the future of interest rates. This meeting comes amid the volatility seen in the markets over the past months and rising inflation risks tied to energy prices. Bloomberg reported that Sean McNulty, Derivatives Trading Manager for the Asia-Pacific region at FalconX, noted that markets are primarily focused on the meeting's outcomes, anticipating a shift in monetary policy towards a more neutral or hawkish stance. He pointed out that any surprise leaning towards hawkishness could exert negative pressure on digital currencies, especially with the Fed's updated economic forecasts.
#BinancePickAndWin
Crypto markets have bounced back as investors await the Federal Reserve's Open Market Committee meeting on June 16 and 17, keeping a close eye on any signals regarding the future of interest rates. This meeting comes amid the volatility seen in the markets over the past months and rising inflation risks tied to energy prices. Bloomberg reported that Sean McNulty, Derivatives Trading Manager for the Asia-Pacific region at FalconX, noted that markets are primarily focused on the meeting's outcomes, anticipating a shift in monetary policy towards a more neutral or hawkish stance. He pointed out that any surprise leaning towards hawkishness could exert negative pressure on digital currencies, especially with the Fed's updated economic forecasts.
#BinancePickAndWin