Several markets were witnessed a major change in the feeling. The world’s largest Cryptocurrency, Bitcoin (BTC) and gold received massive winnings. The sudden at the top of the prices of these assets were related to macroeconomic events as well as changes in investors’ feeling.
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A look at the BTC market
Bitcoin’s Uptick comes at the same time as the Federal Open Market Committee hit its two -day meeting. It is expected to maintain interest rates to 4.25% to 4.50%. Following the latest indications of persistent inflation and declining consumer demand, markets will monitor any changes in the tone when chairman Jerome Powell gives his speech shortly after.
In front of the Fed’s announcement, Bitcoin investors can set up pending all characters that may affect asset values.
Also read: Japan’s $ 1.1 trillion in US Treasury: A New Weapon in Economic War
What happens to gold?
