Markets Gear Up For FOMC Meet
Markets Gear Up For FOMC MeetBy Manoj Dharra
Bitcoin (BTC) traders are gearing up for Federal Open Market Committee (FOMC) week and the volatility that often comes with it. It’s FOMC week, which means one thing: volatility for stocks, the US dollar, and crypto. While the Fed isn’t tipped to surprise anyone this time around, markets are so eager to see signs of easing return that Chair Powell’s language after the decision on interest rates will be important. Market participants believe that this market is a buy on dips opportunity.
BTC was down 0.8 percent at 82,800 while ETH was at $1895, down 1 percent. The global crypto market cap is $2.7T, a 1.06% decrease over the last day. Michael Saylor’s Strategy just acquired 130 more #Bitcoin for $10.7 million, marking their smallest purchase to date. This brings their total holdings to nearly 500,000 BTC, valued at approximately $33.1 billion.
The Saylor effect is strong with MetaPlanet. Just in, Metaplanet issued around $13.4M in bonds to obtain more BTC. Ark Invest spot Bitcoin ETF bought 1,070 BTC worth $88.5mn on Mar. 17. Standard Chartered drops 2025 ETH price estimate by 60% to $4K. Solana Futures Trading officially launches on CME, and SOL jumps by 3% (CMP – $125.05). The CME currently offers two contract sizes for SOL futures: a micro contract covering 25 SOL and a larger contract covering 500 SOL.
Justin Sun announced on X that big news is coming; TRX is up by 5% (CMP $0.223).
Chainlink founder Sergey Nazarov is set to host a talk with Bo Hines, Executive Director of the President’s Council of Advisers on Digital Assets, at the D.C. Blockchain Summit on March 26, 2025. LINK is up 2.5% (CMP – $13.96).
Outlook: Investors in Bitcoin, altcoins, AI tokens, and memecoins should stay vigilant as the Bank of Japan and US Federal Reserve’s interest rate decision tomorrow unfolds, potentially affecting future market movements.
You need to login in order to Like
