dark ninjaDec 28, 2021 · 3 years ago2 answers How does the timing of the FOMC meeting affect the price of digital currencies?
Can you explain how the timing of the Federal Open Market Committee (FOMC) meeting impacts the price of digital currencies, such as Bitcoin and Ethereum? What factors come into play during these meetings that can influence the market? How do investors and traders react to the announcements made during the meetings? Are there any historical examples of significant price movements following FOMC meetings? How does the FOMC's monetary policy decisions affect the overall sentiment and confidence in digital currencies? Please provide a detailed explanation of the relationship between FOMC meetings and the price of digital currencies.