Analysis: The Federal Reserve's FOMC interest rate decision may trigger a 3-5% price fluctuation in BTC, ETH, and SOL
Odaily Planet Daily reports that the Federal Open Market Committee (FOMC), the monetary policy-making body of the U.S. Federal Reserve, is expected to soon release its interest rate assessment, growth and inflation forecasts, and other related data. This highly anticipated event could trigger volatility in the cryptocurrency market, stimulating a 3% to 5% price fluctuation in BTC, ETH and SOL.
However, this does not mean that there is a significant deviation from normal conditions in the cryptocurrency market. In other words, while events at the Fed are crucially important they are unlikely to cause large-scale fluctuations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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