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

avatarSamantha NelsonDec 25, 2021 · 3 years ago1 answers

What impact will the upcoming June 15 Federal Reserve meeting have on the value of digital currencies such as Bitcoin and Ethereum?

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

1 answers

  • avatarDec 25, 2021 · 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.