How will the June 15 Fed meeting affect the price of digital currencies?

1 answers

• May 03, 2022 · 3 years ago
  As an expert at BYDFi, I believe that the June 15 Fed meeting could have a short-term impact on the price of digital currencies. If the Federal Reserve signals a more hawkish stance and hints at potential interest rate hikes, it could lead to a temporary sell-off in digital currencies as investors may shift their focus to traditional assets. However, the long-term fundamentals of digital currencies remain strong, and any price dip could present a buying opportunity for investors with a bullish outlook on the technology. It's important to remember that digital currencies are still a relatively new and evolving asset class, and their price movements can be influenced by a wide range of factors beyond just the Federal Reserve's decisions.
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