Here Are Two Scenarios For Bitcoin Before FED Announces Changes In Policy - BitcoinEthereumNews.com
BTC rejected near $44,500 on the daily chart. Source: BTCUSD Tradingview One month from now, on March 17th, the U.S. Federal Reserve is expected to possible anounced a shift in its monetary policy and to begin its tapering process on their asset purchasing program. In addition, the financial institution could anounce a hike in interest rates. The possible shift in monetary policy has been contributing with the global markets current trend to the downside as investors attempt to price-in the FEDs future action. Bitcoin has been impacted by this risk-off environment, but a lot of uncertainty surrounds the crypto market. Director of Global Macro for investment firm Fidelity, Jurrien Timmer, recently प्रस्तुत two scenarios that the markets could follow as the FED prepares to increase interest rates. In the first of these scenarios, the market “tightens on its own” to “tame” inflation, as Timmer said, with a potential top in 2023 of 2% in interest rate hikes incremented at 25 bps or 0.25% starting next march. This could be the most bullish scenario for Bitcoin and the rest of the global market. The U.S. financial institution could operate with a passive approach, and not force the financial sectors to enter a massive selloff. The second