A newly created cryptocurrency wallet has placed a $23,000 bet on extreme outcomes for the Federal Reserve's January 28 decision. Despite market expectations of no change in interest rates, the wallet has wagered on three scenarios: a 25+ basis points increase, a 25 basis points decrease, and a 50+ basis points decrease. If any of these outcomes occur, the wallet could profit significantly, with potential gains of $1.27 million, $2.01 million, or up to $5.64 million, respectively.
New Crypto Wallet Bets $23K on Extreme Fed Rate Outcomes
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.
