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
美联储维持利率在3.50%-3.75%不变，符合市场预期，但9:3的投票分歧与新任主席Kevin Warsh的讲话悬念，让市场短期波动性回归。
📊 市场影响
利率维稳短期利好风险资产，但政策方向不明使比特币可能进入震荡区间，预计BTC在6.5万-7万美元间整理，等待Warsh的鸽鹰信号。
💡 操作建议
建议降低杠杆、控制仓位，避免在政策明朗前追涨杀跌，关注Warsh讲话后的方向性突破机会。
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。