Bitcoin

<h2 id="quick-take">Quick Take</h2>
<ul>
<li>Tomorrow is the next FOMC meeting, in which the markets have priced in a 25bps rate hike which would get the fed funds rate to 5.00 &#8211; 5.25.</li>
<li>The market is pricing in a 94% probability of a 25 bps rate hike, all but confirmed.</li>
<li>However, the FOMC meeting has been historically negative for Bitcoin price action.</li>
<li>The price remained stagnant twice in the past nine FOMC meetings and dropped in the other seven.</li>
<li>The last four FOMC meetings have seen negative price drops.</li>
<li>Bitcoin is down 5% in the past five days, so has the price action led to the FOMC meeting?</li>
<li>But ultimately, 2022 was the year of rate hikes, for the first time meaningfully since the 2008 cycle — which is why these events had such a negative influence.</li>
</ul>
<figure id="attachment_322094" aria-describedby="caption-attachment-322094" style="width: 1456px" class="wp-caption aligncenter"><img class="wp-image-322094 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/Stag.png" alt="Fed Funds: (Source: CME)" width="1456" height="797" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/Stag.png 1456w, https://cryptoslate.com/wp-content/uploads/2023/05/Stag-300x164.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/Stag-1024x561.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/Stag-768x420.png 768w" sizes="(max-width: 1456px) 100vw, 1456px" /><figcaption id="caption-attachment-322094" class="wp-caption-text">Fed Funds: (Source: CME)</figcaption></figure>
<figure id="attachment_322059" aria-describedby="caption-attachment-322059" style="width: 1600px" class="wp-caption aligncenter"><img class="wp-image-322059 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/fomc.jpg" alt="" width="1600" height="953" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/fomc.jpg 1600w, https://cryptoslate.com/wp-content/uploads/2023/05/fomc-300x179.jpg 300w, https://cryptoslate.com/wp-content/uploads/2023/05/fomc-1024x610.jpg 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/fomc-768x457.jpg 768w, https://cryptoslate.com/wp-content/uploads/2023/05/fomc-1536x915.jpg 1536w" sizes="(max-width: 1600px) 100vw, 1600px" /><figcaption id="caption-attachment-322059" class="wp-caption-text">BTC Price: (Source: @theirish_man)</figcaption></figure>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/markets-expect-a-94-probability-of-rate-hike-how-will-bitcoin-react-to-tomorrows-fomc-meeting/">Markets expect a 94% probability of rate hike: how will Bitcoin react to tomorrow&#8217;s FOMC meeting?</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Markets expect a 94% probability of rate hike: how will Bitcoin react to tomorrow’s FOMC meeting?

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