What impact did the FOMC meeting calendar in 2016 have on the cryptocurrency market?

1 answers

• Myata NikolayNov 28, 2023 · 2 years ago
  As an expert in the cryptocurrency market, I can say that the FOMC meeting calendar in 2016 did have an impact on the market. While cryptocurrencies are not directly tied to traditional financial institutions, they are still influenced by market sentiment and investor behavior. The FOMC meetings and announcements can create uncertainty and volatility in the overall financial markets, which can spill over into the cryptocurrency market. Traders and investors often look to the FOMC calendar for potential market-moving events and adjust their strategies accordingly. Therefore, it's safe to say that the FOMC meeting calendar in 2016 did have some influence on the cryptocurrency market, although the extent of that impact may vary depending on other factors at play.
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