Fed’s Big Night: Will Crypto Cry or Fly? 🚀💸

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So, the Federal Open Market Committee (FOMC) is meeting today at 6 PM UTC, and the crypto market is basically sweating through its digital pores. 🥵

Bitcoin, Ethereum, and XRP are all sitting there like, “Please don’t ruin our vibe, Jerome.” Bitcoin’s currently at $84,490, and traders are either dreaming of $90,000 or bracing for a nosedive. It’s all up to the Fed and their magical interest rate wand. ✨

Markus Thielen, CEO of 10x Research, is out here playing fortune teller. He’s like, “Bitcoin might rally because it’s been oversold, and the Fed might be a little dovish.” Translation: Bitcoin’s been down bad, and if the Fed softens up, it could bounce back. But if they stay strict? Well, grab your popcorn because it’s gonna be a mess. 🍿

Jerome Powell, the Fed Chair, recently said they’re “remaining on hold” because the economy is basically a mystery box right now. So, no big changes expected, but investors are still dissecting every word like it’s a Shakespearean play. If the Fed even hints at ending quantitative tightening or future rate cuts, the market could go full-on bull mode. 🐂

Oh, and according to the CME Group’s FedWatch tool, there’s a 99% chance the Fed will keep interest rates steady. So, basically, it’s a waiting game. 🕰️

Meanwhile, the crypto market is having a moment. Bitcoin dipped to $81K but bounced back to $84K. Ethereum’s chilling above $2,000 with an 8% gain in the last 24 hours. And XRP? Up 13% because the SEC finally dropped its lawsuit against Ripple after four years. Justice delayed, but not denied. 🎉

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2025-03-19 21:09