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3.5%-3.75%不变，符合市场预期，但9:3的投票分歧和Kevin Warsh的首次讲话增加了政策不确定性。市场焦点从利率决议转向新主席的鸽鹰倾向，这是2020年以来最混乱的一次FOMC。
📊 市场影响
短期BTC波动率将放大，若Warsh释放偏鸽信号，可能推动BTC反弹至6.5万美元附近；若偏鹰，则可能测试5.8万美元支撑。利率维持不变利好风险资产，但分歧投票暗示未来加息风险未消，中期震荡格局难改。
💡 操作建议
建议观望至Warsh讲话结束，避免在方向未明时重仓。可设置窄止损（2%-3%）参与短线波动，重点关注BTC在6.2万美元的得失，作为多空分水岭。
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。