With the Federal Reserve's rate decision looming, investors are understandably concerned about the potential impact on the volatile world of cryptocurrencies, particularly Bitcoin. The question remains: will Bitcoin's volatility persist post-decision? The answer is multifaceted. On one hand, the Fed's rate hike or cut could influence broader market sentiment, affecting investors' risk appetite and ultimately Bitcoin's price. On the other hand, Bitcoin's price is driven largely by its unique value proposition and network effects, which are often decoupled from traditional financial markets. Thus, while the Fed's decision may introduce some temporary volatility, Bitcoin's long-term trajectory is likely to be determined by its underlying fundamentals.
5 answers
CharmedVoyager
Thu Jul 18 2024
The volatility in Bitcoin (BTC), which measures the degree of price turbulence, remains subdued, mirroring the tranquility observed in the U.S. stock and bond markets.
SunlitMystery
Thu Jul 18 2024
BTCC's spot trading platform allows users to buy and sell BTC and other cryptocurrencies at current market prices. The futures trading platform, on the other hand, enables users to speculate on the future price movements of cryptocurrencies.
Silvia
Thu Jul 18 2024
This subdued volatility in BTC reflects a stable sentiment among investors and traders, who seem unperturbed by external factors that could potentially affect the cryptocurrency's price.
Ilaria
Thu Jul 18 2024
The continuation of this low volatility regime is anticipated by some crypto traders, particularly after the Federal Reserve's (Fed) rate decision on Wednesday. This decision is often a key indicator for financial markets, and its impact on BTC is being closely watched.
Stardust
Thu Jul 18 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to the needs of crypto investors and traders. These services include spot trading, futures trading, and wallet storage solutions.