PANews reported on December 10 that according to the analysis of the well-known crypto analyst Ali, 6 out of 7 FOMC meetings this year have caused BTC price to pull back, and only 1 has experienced a short-term rebound. Among them, the largest decline reached 27%, and only after the May 7 meeting recorded a 15% increase.
The market expects the FOMC meeting on December 10 to announce a rate cut, with an 87.4% probability. However, statistics show that BTC usually faces volatility and downward pressure during FOMC meetings, and investors need to be wary of market reactions. The FOMC announcement will be held at 3 a.m. on December 10 (Beijing time), and the Fed Chairman’s press conference will be held at 3:30 a.m., which may cause sharp market volatility.
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