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投票维持利率在3.50%-3.75%，符合市场预期，但新主席Kevin Warsh的发布会将成为焦点，市场对政策方向仍存分歧。
📊 市场影响
短期比特币波动率回升，若Warsh释放偏鸽信号，BTC可能测试6.5万美元阻力；若偏鹰，则回调至5.8万美元支撑。中短期震荡加剧，交易量有望放大。
💡 操作建议
建议降低杠杆、设置较宽止损（如5%-8%），关注发布会后30分钟的价格突破方向，避免在不确定性期间重仓押注。
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。