Bitcoin

<ul><li>The Federal Reserve is expected to maintain the current benchmark borrowing rate between 5.25% and 5.5%, aligning with broader market sentiment.</li><li>Bitcoin options expiring this Friday suggest that significant price movements are unlikely, adding another layer to market expectations.</li><li>Experts like Ruslan Lienkha and Lucas Kiely suggest that the Federal Reserve&#39;s decision could indicate a pause in rate hikes.</li></ul>The crypto market is on high alert as it anticipates the <a href="https://www.cnbc.com/2023/09/19/heres-everything-the-fed-is-expected-to-do-wednesday.html" rel="noopener noreferrer nofollow">Federal Reserve&#39;s rate decision</a>, scheduled for Wednesday at 14:00 ET. Since March 2022, the Federal Reserve has been on a <a href="https://cryptotale.org/bitcoin-set-to-breakout-today-amid-federal-reserve-interest-rate-hike-decision/" rel="noopener noreferrer nofollow">rate-hiking spree</a>, elevating the federal funds rate from an initial 0.5% to 5.5% by July.For the upcoming decision, the central bank is widely expected to hold the benchmark borrowing rate steady, ranging between <a href="https://www.cnbc.com/2023/07/26/fed-meeting-july-2023-.html" rel="noopener noreferrer nofollow">5.25% and 5.5%</a>. This perspective aligns with the broader market sentiment, which does not foresee the Federal Reserve&#39;s decision as a significant market-moving event for Bitcoin.Ruslan Lienkha, a prominent figure in a Web3 platform, <a href="https://www.financialexpress.com/business/investing-abroad-us-fed-expected-to-pause-rate-hikes-despite-sticky-inflation-heres-why-3248003/" rel="noopener noreferrer nofollow">echoed this sentiment</a>, suggesting that the Federal Reserve aims to maintain a delicate balance between averting a potential recession and controlling high inflation. Lucas Kiely, an executive at a digital wealth platform, further elaborated that a pause in rate hikes could <a href="https://biz.crast.net/what-the-feds-rate-choice-outlook-could-mean-for-crypto-markets/" rel="noopener noreferrer nofollow">signal the end</a> of economic adjustments initiated since the onset of the pandemic.Adding another layer to the discussion, James Butterfill, the head of research at crypto asset manager Coinshares, pointed out that Federal Reserve Chair Jerome Powell&#39;s press conference could subtly influence the crypto market. Depending on whether Powell&#39;s comments lean dovish or hawkish, Bitcoin prices could see corresponding movements.Moreover, traders are also closely watching <a href="https://www.theblock.co/data/crypto-markets/options/deribit-btc-option-open-interest-by-expiry" rel="noopener noreferrer nofollow">Bitcoin options</a> that are set to expire on September 22. These options, which also take into account the Federal Reserve and the Bank of Japan&#39;s meetings, suggest that significant price movements for Bitcoin are unlikely.Read full article at<a href="https://cryptotale.org/crypto-market-braces-for-federal-reserves-rate-decision-what-experts-say/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Crypto Market Braces for Federal Reserve's Rate Decision: What Experts Say

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