Although there was some uncertainty about the monetary direction the United States Federal Reserve will take following the July FOMC meeting, the central bank approved with a 9-3 vote to maintain the interest rates at 3.50% to 3.75%.
All eyes have turned to the incoming press conference by the new Fed Chair, Kevin Warsh, as investors anticipate which way he will lean.
“The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate. The Committee is continuing its policy of maintaining ample reserves in the banking system,” reads the statement.
As reported earlier today, this meeting was described as the most unpredictable since the COVID-19 pandemic broke out in March 2020. The reason for this is that all meetings since then had a 99% agreement about the outcome ahead of their conclusion.
In contrast, futures markets and prediction platforms had assigned a 30%-38% probability for a rate hike for today’s meeting.
Investors apparently had de-risked from more volatile assets like bitcoin ahead of the event today, as the asset slumped by $3,000 yesterday. It rebounded to $64,500 today, where it was rejected and slipped to under $63,800 before the meeting.
Its minor volatility returned after the announcement, pumping above $64,000 as of now. However, it’s likely that the Warsh speech will impact it even more, especially if the new Fed chair hints at what the central bank will do next – a rate hike or another pause.
The post Bitcoin Volatility Returns After Fed Holds Interest Rates Steady appeared first on CryptoPotato.
小靓分析：
🦊 小靓解读
美联储以9-3票维持利率在3.50%-3.75%不变，符合市场预期，但新主席Kevin Warsh的立场成为最大变量，这次会议被形容为2020年以来最不可预测的一次。
📊 市场影响
利率按兵不动短期利好风险资产，比特币可能迎来反弹窗口；但Warsh若在发布会释放鹰派信号，市场波动将加剧，需警惕冲高回落。
💡 操作建议
建议交易者关注今晚Warsh讲话的市场反应，若BTC突破近期阻力位可轻仓跟进，否则暂时观望，避免在不确定性高峰时重仓入场。
风险提示：
该资讯来源于公开渠道，仅供参考。Traceless 无痕智盈平台不对此信息准确性做任何保证。