The Federal Reserve quarter-point rates cut has strengthened crypto market, but what does FOMC crypto impact mean for Bitcoin FOMC rally?<\/p>\n
The Fed\u2019s FOMC quarter-point rate cut has ignited a speculative wildfire<\/a>, especially among cryptocurrencies. With a new federal funds\u00a0rate target nestled between 4.5% and 4.75%, the Fed is aiming to navigate a cooling labor market and mitigate inflation without causing economic shockwaves.<\/p>\n Here\u2019s what the recent Federal Open Market Committee meeting will mean for the future Bitcoin price.<\/p>\n (CrypNuevo<\/a>)<\/p>\n The air was thick with anticipation as the FOMC\u2019s decision approached on Thursday, with Bitcoin recently hitting new highs above $75,0000. Analysts predicted heightened volatility driven by the impending rate cut\u2014seen as a near-certainty at 97.4% by CME Group\u2019s FedWatch Tool.<\/p>\n The thing is, Bitcoin\u2019s price didn\u2019t soar as traders hoped, leaving us mired in a stagnant crab market. Instead, most of the crypto gains resulted from Donald Trump\u2019s Wednesday morning presidential victory.<\/p>\n Everyone\u2019s eyes are on Bitcoin\u2019s shot at reaching that elusive $100,000. Even though the FOMC turned into a \u2018sell the news<\/a>\u2018 event, we\u2019re primed for a six figure Bitcoin by year\u2019s end.<\/p>\n JUST IN: Federal Reserve Chair Jerome Powell says he would not resign if President-elect Trump asked him to. pic.twitter.com\/wQLNU7AN0D<\/a><\/p>\n \u2014 Watcher.Guru (@WatcherGuru) November 7, 2024<\/a><\/p>\n\n Why did this happen? Well, everyone knew the FOMC was going to happen, and it was already priced.<\/p>\n Moreover, assets typically stagnate or tank after a presidential election\u2014and this one was only different because Trump is likely to cut taxes and deregulate crypto for developers and traders.<\/p>\n Analysts at 99Bitcoin are eyeing the possibility of Bitcoin reaching $100,000 soon, thanks to a stablecoin market surge. Significant whale activity is also driving Bitcoin\u2019s price movements, with two major players<\/a> scooping up large BTC amounts post-FOMC. These whales, or big-time investors, are key influencers in market trends.<\/p>\n Recent data shows that two whales bought 1,910 BTC worth $145.16 million on Binance in the past 24 hours. With patience, things are about to get wild for crypto.<\/p>\n DISCOVER:\u00a0The Easiest Way to Buy Ethereum in November 2024<\/a><\/strong><\/p>\n As the Fed tweaks interest rates, the crypto market can\u2019t dodge the fallout. The spotlight is on Bitcoin, holding its ground and eyeing new peaks. With the economy in flux and big players making calculated moves, Bitcoin\u2019s future seems bright, though not without hurdles.<\/p>\n The key will be to hold out even if we don\u2019t see an immediate pump. Shouldn\u2019t be too hard, yeah?<\/p>\n Fed moves and Trump\u2019s cabinet picks will dictate Bitcoin\u2019s price story in the coming months. However, the current setup hints at Bitcoin breaking $100,000 before 2025.<\/p>\n EXPLORE:\u00a0Trump\u2019s Election Win Fuels Bitcoin Price Past $75K as Pump.Fun Rival Pepe Unchained Shatters $25M Milestone<\/a><\/strong><\/p>\n Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/p>\n The post What Does FOMC Mean For Bitcoin Price? Will Crypto Keep Going Up?<\/a> appeared first on <\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The Federal Reserve quarter-point rates cut has strengthened crypto market, but what does FOMC crypto impact mean for Bitcoin FOMC rally? The Fed\u2019s FOMC quarter-point rate cut has ignited a speculative wildfire, especially among cryptocurrencies. With a new federal funds\u00a0rate target nestled between 4.5% and 4.75%, the Fed is aiming to navigate a cooling labor […]<\/p>\n","protected":false},"author":0,"featured_media":19045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19044"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19044"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19044\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19045"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}FOMC Rate Cut Sparks Crypto Market Volatility<\/h2>\n
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Navigating the Crypto Market Amid Rate Cuts<\/h2>\n