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- The bitcoin network hash rate trendFOMC Dilemma: Will It Hold or Cut Rates?
- Impact of FOMC on Bitcoin
Ahead of the Federal Reserve FOMC meeting today, economists expect interest rates to remain unchanged between the 4.25% and 4.5% range. What will be the FOMC Bitcoin impact? Will BTCUSDT break $110,000?
Bitcoin, Solana, and some of the best cryptos to buy in the top 20 are trading inside tight ranges. BTC ▲0.88% is down, capped below $105,500, while
ETH ▲2.85% is yet to break above $3,000. Meanwhile,
SOL ▲3.47% is struggling to close above $170, down 11% in 24 hours, making it one of the top losers in the top 10, trailing
DOGE ▲2.78%.
Clearly, the crypto market and its participants are proceeding cautiously. Ahead of the highly anticipated Federal Open Market Committee (FOMC) meeting in the United States, Bitcoin traders are focused on one key question: Will today’s Federal Reserve decision shift the tide for crypto assets, triggering a wave of demand that lifts prices above critical liquidation levels?
This question is relevant: Inflation, tariffs, and an unusually shaky macroeconomic backdrop, worsened by conflict in the Middle East, dominate headlines, requiring the central bank to move with tact.
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