Any correlation between crypto price action and the FOMC rate schedules? Sort of, kind of…
cryptopixel.substack.com
With the crypto market having a sigh of relief in January with a +43% bump of the total crypto market cap since the end of November 2022, many analysts are looking towards the relatively bearish macro economic situation for a respite. In between war, rampant inflation, rising cost of living, supply chain inefficiencies, tensions between China and Taiwan and mass firings from the tech sector, it seems that disposable income can’t catch a well deserved break. As with every major central bank decision, investors in both crypto and TradFi alike are waiting for a bullish sign from high above that the peak of this market cycle is still a ways ahead. Nothing more true than that that today’s (February 2nd 2023) FOMC rate schedule
Any correlation between crypto price action and the FOMC rate schedules? Sort of, kind of…
Any correlation between crypto price action…
Any correlation between crypto price action and the FOMC rate schedules? Sort of, kind of…
With the crypto market having a sigh of relief in January with a +43% bump of the total crypto market cap since the end of November 2022, many analysts are looking towards the relatively bearish macro economic situation for a respite. In between war, rampant inflation, rising cost of living, supply chain inefficiencies, tensions between China and Taiwan and mass firings from the tech sector, it seems that disposable income can’t catch a well deserved break. As with every major central bank decision, investors in both crypto and TradFi alike are waiting for a bullish sign from high above that the peak of this market cycle is still a ways ahead. Nothing more true than that that today’s (February 2nd 2023) FOMC rate schedule