FED rate actually determines the direction of market. Rate can be moved three ways, high interest rate, low interest rate and unchanged. Unchanged rates doesn't create impact on market.
Higher interest is not good for the crypto, as people shift their asset from crypto to bank or any other investment plan which offers good interest rate. Same way lowering interest is not only good for business but it is also beneficial from crypto market.
Let's see the outcomes of FED rate. High interest may dump the market and same way lower interest rate may pump the market. Time to hold your asset and wait for the right time to investment in crypto market. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
A lot of people are expecting that BTC might correct but if it holds its range it can go higher from here.
Probably we might be heading for a dip close to 30k
This FED rate has a lot of influence on the market. Depending on this, the market will be up or down. Thank you for sharing details about yesterday's FED rate issue.
If the interest rate is higher, we can retest 32,500.
#hive #posh
Congratulations @zartisht! You received a personal badge!
Wait until the end of Power Up Day to find out the size of your Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Check out our last posts: