The Federal Reserve's upcoming rate decision on October 29 is anticipated to introduce significant market volatility, particularly in the cryptocurrency sector. Markets are largely expecting a 25 basis point rate cut, driven by slowing inflation and a cooling labor market. However, there remains a possibility that the Fed might maintain current rates due to incomplete economic data and prevailing uncertainties.
Bitcoin has recently climbed above $125,000, fueled by expectations of monetary easing. An unexpected decision by the Fed to hold rates steady could lead to immediate selling pressure, potentially causing sharp declines in both stock and cryptocurrency markets.
Fed's October 29 Rate Decision May Spark Crypto Market Volatility
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.