Assalamu Alaikum
Yesterday there was a FOMC meeting, and we followed one topic, high volatility started in the market,
So let's first know what does FOMC meeting mean?
FOMC (Federal Open Market Committee)
Usually this FOMC Meeting is held every six weeks,
That means there are 8 FOMC Meetings every year,
Usually through these meetings the Federal Reserve makes decisions on interest rates, and economic growth, even inflation and more important economic issues, which usually have a direct impact on the Crypto Market, Stock Market,
Usually every Crypto Investors are always a little scared about their funds,
And the FOMC decision is usually an important event for the Crypto Market, because through it decisions are made about the economic outlook and the next change in interest rates, if the FOMC decides to increase their interest rates, it will immediately have a bad effect on the Crypto Market,
The reason is that this may make the economic situation more critical,
In short, this may increase inflation, so investors start selling their Crypto a little out of fear, due to which there is a little fear in the market at that time,
And this is why we I notice that when the FOMC Meeting comes, the Crypto Market also experiences volatility, so I hope everyone understands, I'm ending this here today, everyone stay well, Allah-Hafez
https://x.com/RakibInsid68546/status/1885037171104518591
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https://coinmarketcap.com/community/post/352100355
https://x.com/RakibInsid68546/status/1885040090457440342
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It is a great post of Why does the FOMC Meeting really work in the Crypto market with high volatility? What is the FOMC MEETING?.
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