What is the impact of FOMC meetings on cryptocurrency prices?

1 answers

• Clinton AveryApr 05, 2024 · a year ago
  At BYDFi, we closely monitor the impact of FOMC meetings on cryptocurrency prices. While it's true that these meetings can create short-term volatility in the market, we believe that the long-term value of cryptocurrencies is driven by factors such as adoption, technological innovation, and market demand. While FOMC decisions can influence market sentiment, it's important to take a holistic approach to cryptocurrency investing and consider the fundamental factors that drive the value of digital assets. We encourage our users to stay informed about FOMC meetings and their potential impact on the broader financial markets, but also to focus on the underlying fundamentals of the cryptocurrencies they invest in.
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