Bitcoin

April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/how-does-the-fed-interest-decision-affect-crypto/" data-wpel-link="internal">How Does the Fed Interest Decision Affect Crypto?</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/piyasaya-guncel-bakis-bitcoin-btc-ve-altcoinlerde-son-durum-6" data-wpel-link="internal">Bitcoin</a> experienced a noticeable drop while the most significant event of the week for investors was the recent Fed interest rate decision, but more could happen. Messages to be delivered by Powell about 30 minutes after the recently announced Fed interest rate decision will be noteworthy. Today might be the day that largely reveals the interest rate path in the markets for the second half of the year.</p> 
<h2 style="text-align: justify" id="fed-interest-decision-and-crypto">Fed Interest Decision and Crypto</h2> 
<p style="text-align: justify"><strong>Fed</strong> announced the interest decision a few moments ago. The four-year inflation data announced in recent months had exceeded expectations. Additionally, the non-farm employment data over the last five months also exceeded expectations.</p> 
<p style="text-align: justify">At the end of April and the beginning of May, the presence of a negative outlook in cryptocurrencies and the reasons for the stagnation in ETFs were developments that could emerge after the Fed meeting. The Fed kept the interest rates unchanged in this meeting as expected by the market. Here are the details regarding the interest decision:</p> 
<ul style="text-align: justify"> 
 <li>No further progress towards the 2% target in recent months.</li> 
 <li>Although inflation has decreased over the past year, it continues to be high.</li> 
</ul> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-346775" src="https://coin-turk.com/wp-content/uploads/2024/05/coin-turk-fed-com.png" alt="" width="547" height="277"></p> 
<p style="text-align: justify">While all this was happening, eyes were also on the <a href="https://en.coin-turk.com/santiment-analyzes-bitcoins-climb-over-52000/" data-wpel-link="internal">Bitcoin</a> price. Following the decision, Bitcoin’s price quickly rose, trading at $58,000, which represents a 2% increase at the moment.</p> 
<p style="text-align: justify">Now, attention turns to Powell’s statements to be made in 30 minutes. We will continue to share these as breaking news. You can also follow important parts of the announcements live from our X (Twitter) account at (x.com/cointr).</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/how-does-the-fed-interest-decision-affect-crypto/" data-wpel-link="internal">How Does the Fed Interest Decision Affect Crypto?</a></h5>

How Does the Fed Interest Decision Affect Crypto?

Table of Contents

COINTURK NEWS

Other articles published on May 1, 2024

Shiba Inu (SHIB) Flashes Epic Bull Flag, What This Means

Bitcoin Rises Above $58,000 Amid Fed’s Struggles to Curb Inflation

Curve Finance awards dev $250K for finding reentrancy vulnerability

Too harsh or too lenient? Changpeng Zhao’s sentence divides opinion

Unveiling OKSwag.com: Your One-Stop Shop for Your Favorite OK Merchandise

XRP Lawyer John Deaton Slams SEC’s Gary Gensler For ‘Infecting’ Entire Agency

Join our free newsletter for daily crypto updates!