FOMC Press Conference and effect on bitcoin

[virasog]

You can watch this FOMC Press Conference right now live here FOMC Press Conference March 22, 2023

Although we have this meeting every month but this meeting was important as the banks in US are at the verge of collapse and it was important o see what measure the US takes to save their banking sector.
The keynote here is that the "Federal Reserve has raised the interest rate by 25 bps "

What can this meeting and this hike in interest rate can bring up to bitcoin in the short and long term?

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[TravelMug]

Well it did affect the price very quickly, prices going down to lows of $27k and I thought that we might see still going down a bit further. But it didn't as the Asian market could have make the price go afloat, as it going $27,400 and perhaps this week we could go back to $28k'ish again.

Long term? not seeing any, again just the initial shock of the rate hike that might bitcoin investors pushing for the sell button.

But we are all good now. And who knows, it could be the opposite as more individuals running to bitcoin market.

[OcTradism]

FED emphasized that they did not increase interest rates months after the pandemic and their QEs. Later they turned their minds completely and increased interest rates in many latest months. Now they did not stop but just decrease their pace after some bank collapses.

Look at Bitcoin in the past two years. Did it fall and lose $40k, $30k because of FED interest rate policy?

They just increased it latest months so how do people explain why in the past three months, with same increasing pace, Bitcoin climbed from $16k to $29k?

Because of FED, FOMC and interest rate?

[franky1]

FED emphasized that they did not increase interest rates months after the pandemic and their QEs. Later they turned their minds completely and increased interest rates in many latest months. Now they did not stop but just decrease their pace after some bank collapses.

Look at Bitcoin in the past two years. Did it fall and lose $40k, $30k because of FED interest rate policy?

They just increased it latest months so how do people explain why in the past three months, with same increasing pace, Bitcoin climbed from $16k to $29k?

Because of FED, FOMC and interest rate?

there is no direct correlation between FED news vs bitcoin
its just schemers trying to cause social led pumps and dumps by trying to make peoples sentiments get affected by things of no effect.. and in 98% of times these social pump and dump games dont work

what actually happens is bitcoin whales make "futures" bets on the futures market that the price wont go above X for 1-8 weeks. and to ensure their futures bets flourish. those whales then use a stash of coin to arbitrage the spot markets to cause a resistance wall to keep prices within a certain region

[EarnOnVictor]

Bitcoin sold sharply after the FOMC meetings of yesterday. The Federal Funds Rate was hiked to 5.00% which represents an additional 25 basis points and also an indication that inflation is seriously battling the economy of the US.

That said, I've explained to those that reached out to me after the sharp fall that Bitcoin will not fall for long. The market was only confused in the wake of that news, which coupled with the needed correction of the coin.

However, the effect can't see the light of day, the sentiment of Bitcoin is still bullish as most economic considerations disfavour the USD at this present time.

[Lucius]

I saw a better video - of course the AI helped a little, but this time it did a good job

https://streamable.com/jcnk8b

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What can this meeting and this hike in interest rate can bring up to bitcoin in the short and long term?

Let's finally learn how to reduce images to the appropriate size, so it's only about changing one number... for fast loading and for those members who have slow or limited internet.

As for interest rates, it was expected to be 0.25 or max 0.50, like last time, and I think that is a good sign in general. Of course, it would be best if they stopped doing that, but considering how deep they got into problems, they have no other choice. All in all, the price of BTC is returning to the levels before Kwon&Bankman, and considering that the banks have shown their weaknesses, part of the money must have been invested in Bitcoin.