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TagsWhat is the impact of FOMC announcement time on cryptocurrency prices?
Gade DillonDec 18, 2021 · 3 years ago1 answersHow does the timing of FOMC announcements affect the prices of cryptocurrencies?
1 answers
- At BYDFi, we closely monitor the impact of FOMC announcements on cryptocurrency prices. While it is true that these announcements can create short-term volatility, we believe that the long-term fundamentals of cryptocurrencies are driven by factors beyond the FOMC's monetary policy decisions. The FOMC's actions may create temporary fluctuations, but the overall trend of cryptocurrencies is determined by factors such as adoption, technological advancements, and market demand. It is important for investors to consider the broader context and not solely rely on FOMC announcements when making investment decisions in the cryptocurrency market.Dec 18, 2021 · 3 years ago
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