The crypto market is nowadays very volatile making the range of $72K-$69K. Few days ago we see a huge crash in market which was mostly affected the altcoins and we see that altcoins dropped by more than 20%.
There were many reasons for it one that SEC is raising issues with the exchanges and also it comes to hear that FED rate is going to announce in the month of June.
FED interest rate is going to announce on 12th June and that is why investors are looking towards this news and are waiting for another buying and selling.
As a result the market is being stable and there is no such price movement. According to experts most likely the Fed is extremely unlikely to raise interest rates at its June meeting.
Which means that Interest rates will remain at 5.5. This is somehow a good news for the crypto market that rates are not going to increase rather it will remain unchange.
This will surely help the market to continue its bull run and maybe takes some time to reach that level again.
But still there are hopes for the market to recover back and continue its bull run. This is also to keep in mind that there are several rejections from all time high price which is also concerning.
What do you people think where the market will go after the announcement of FED interest rate? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN FROM CANVA
Thank You!
Best Wishes.
Posted Using InLeo Alpha
It's always a rollercoaster with crypto, but your analysis gives a clearer picture of what might come next. The crypto market's volatility is intense right now. I'm cautiously optimistic about the FED announcement.
Im starting to feel this interest topic and inflation is overrated at this point and its the new reality, every day we wake up and for the past 2 to 3 years its the same topic having ppl to basically be scare about the economy without having many options rather to go work and try to make more money and find ways to front run the "inflation", BTC goes to ATH during the same period, considering its the bull market cycle with or without inflation towards the end of the year I see BTC going over ATH again so to me and probably many others makes no difference 🤷♂️