Bitcoin (BTC) and other cryptocurrencies are facing potential risks following the recent Federal Open Market Committee (FOMC) meeting, according to analysts. The meeting discussed possible interest rate hikes and tapering of asset purchases, which could impact the prices of digital assets.
The Federal Reserve has issued a statement on the outcome of its latest Federal Open Market Committee (FOMC) meeting. The committee has decided to maintain the current target range for the federal funds rate at 0 to 0.25 percent. This decision comes as no surprise, as the Fed has been committed to keeping interest rates low to support the ongoing economic recovery.
With growing concerns about the impact of the coronavirus outbreak on the global economy, investors and analysts are eagerly awaiting the Federal Reserve’s next move. As the epidemic continues to disrupt supply chains and dampen consumer demand, many are wondering when the central bank will step in to provide some relief. All eyes are now on the Federal Open Market Committee’s (FOMC) March meeting, which will play a crucial role in determining the course of interest rates.
