Amid the odds and uncertainty, an investor bid on the FOMC meeting and made $35,000. Although this is nothing new in the crypto market, such milestones are remembered either due to them turning successful at odds or giving handsome returns, and this incident carries both things. Let’s discuss.
FOMC Meeting: No Rate Change Decision Made Investor $35K
The US FED decided to keep the interest rate study between $4.25% and $4.50, which most experts already anticipated. Jerome Powell’s speech mentioned that the economy is strong, but inflation is still above the central bank’s 2% targets. With the FOMC meeting on January 2, there’s a pause on the rate cuts after the three cuts happened in 2024.
“With the economy continuing to be robust, we don’t have to rush to change the policy direction,” said Powell.
Notably, an experienced trader made the best use of the opportunity, betting on the FOMC outcome and making $35,000 in just a few hours. Interestingly, the person took a risk, as they bet $1.86M. If the FED has opted for rate cuts, this investor would have lost $1.86M.
Some complimented this better’s trust and bold moves, while some criticized the madness, as the person bet millions of dollars for a mere profit. Regardless, the investor’s intuitions and research worked, making a $35,000 profit.
How is This FOMC Meeting Affecting the Crypto Market?
Along with the inflation discussion, Jerome Powell’s one specific statement has become the highlight of the Fed meeting. Powell stated that US banks are fully capable of managing any risks associated with crypto clients, which experts believe signals ‘no significant plans to restrict financial institutions from dealing with the crypto industry.’
Interestingly, before the FOMC meeting, a significant crypto crash took place, which impacted digital assets massively. However, past the meeting, bullish momentum has begun building. The Bitcoin price surged to $106.2k on January 30, and the rest of the altcoins followed up soon.
Investors’ trading activity and interest also grew in the market, especially in Bitcoin, XRP, VVV, and other tokens, per a santiment report. Considering that an earlier CoinGape report mentioned these as the cryptos to buy before January 31 for high returns.
However, with the upcoming U.S. economic data report, the crypto market is a bit turbulent today. Such macroeconomic events affect investors’ sentiments and interfere with the price trajectories of digital assets, so careful trading activities are mandatory at this point.
Key Things To Remember
The FED meeting positively affected the crypto market, especially the BTC token. Since then, the Bitcoin price surge has surged to $106.2k before declining again due to upcoming U.S. economic data. As a result, the entire crypto market is facing turbulence today. Interestingly, some investors consider it a buying opportunity, as the digital assets trade at a low. The aforementioned investor also identified a trading opportunity in the FOMC meeting, as they bet $1.86M on ‘no rate cuts,’ earning $35,000 in profits. With this, the person highlighted the earning potential of the market, but it is only possible with the proper research and skills.
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