A New Era in the Crypto Market: Bitcoin and FOMC Meeting
The cryptocurrency market, especially the Bitcoin price, is following a very active course ahead of the Federal Open Market Committee (FOMC) meeting of the US Federal Reserve (Fed) and the speech by Fed Chairman Jerome Powell. Investors are taking positions with the expectation that there may be a 25 basis point interest rate cut after this meeting. While this situation creates an optimistic atmosphere in the markets, it is predicted that Bitcoin may rise up to $ 100,000 in the short term.
Importance of the FOMC Meeting
Market participants are seeking clarity on economic data and interest rates to be announced after the FOMC meeting. The US Federal Reserve is expected to cut interest rates by 0.25 percentage points. This expectation is predicted to come true with a 99% probability, according to the CME FedWatch Tool. However, this situation causes some investors to be cautious. It is thought that the market may be volatile, especially after Jerome Powell’s speech.
Opinions of Crypto Experts
While cryptocurrency experts state that the Fed’s interest rate cut may have positive effects on the market, they also display cautious optimism. AlphaBTC expert stated that Powell’s statements will determine market sentiment. If Powell uses a hawkish tone, this could increase recession concerns in the markets. Otherwise, a dovish stance could trigger a so-called “TrumpRally.” In this context, newly elected US President Donald Trump’s criticisms of the central bank and Elon Musk’s DOGE initiative also have an impact on the market.
Potential Rise in Bitcoin Price
Many crypto experts expect the Bitcoin price to rise rapidly after the FOMC meeting. Analysts predict that clearer steps may be taken regarding cryptocurrency regulations during Donald Trump’s presidency. At the time of writing, Bitcoin price rose to an all-time high of $76,460.15 in the last 24 hours, before falling to $74,828, up 1.5%. BTC Futures Open Position increased by approximately 4% in this period, reinforcing the optimism in the markets.
Bitcoin Strategic Reserve Expectation in the USA
While Wyoming Senator Cynthia Lummis re-emphasizes her intention to turn Bitcoin into a strategic reserve, Trump’s promises on this issue in the presidential campaign also attract the attention of investors. This situation increases the expectations for a rise in Bitcoin price. According to Matrixport’s report, the possibility of Bitcoin reaching $100,000 is supported by the possible departure of US SEC Chairman Gary Gensler and the expectation of Bitcoin becoming a strategic reserve.
Volatility Concern in Markets
In addition to the volatility that the FOMC will create in the market, the fact that many investors direct their attention to alternative coins such as Ethereum increases the general concerns in the markets. This may cause some traders to change their trading strategies.
Bitcoin Sale Prospects
CryptoQuant Founder and CEO Ki Young Ju predicted that there may be a Bitcoin sale in the coming days. New investors may see this rise as an opportunity to realize profits. This could prevent a strong rally in the crypto price. Commenting on the consequences of new investors often holding Bitcoin during bear markets, Ki Young Ju said, “After about two years, when the pain subsides, BTC changes hands. That time is now. It could go up 30-40% from here, but the 368% we saw from $16,000.” It’s not like an increase, I think it’s time to sell gradually rather than buying everything,” he noted.
As a result, Bitcoin and cryptocurrency markets will be shaped by the Fed’s decisions and Powell’s statements. Market dynamics and investor behavior will play a decisive role in the coming days. Therefore, it is of great importance for investors to act carefully and consciously.
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