đš All Eyes on Jan 28â29 Fed Meeting â Could Jerome Powell Decide Bitcoinâs Next Move?
đ Bitcoin and crypto markets are bracing ahead of the Federal Reserveâs Jan 28â29 policy meeting, where the central bank is widely expected to keep interest rates unchanged at ~3.50â3.75%. Traders are more focused on Powellâs comments after the decision than the number itself.
đ§ Economists and markets see a high probability of a rate pause, but if Powell signals that future rate cuts are still likely or coming sooner, that could spark upside in risk assets like Bitcoin. Conversely, if he emphasizes inflation risks and a longer hold on rates, it could lead to weakness or selling pressure in BTC and equities.
đ Bitcoin has been choppy and cautious ahead of the event, with traders reluctant to position too aggressively until Powellâs tone is clear.
đ Takeaway for crypto traders:
The Fed decision may be âstatus quo,â but Powellâs forward guidance could be the real trigger for a dump or a pump in Bitcoin next week.
đ Whatâs your play â fade the fear or buy the rumor? Drop your thoughts below! đ