Posting this again while we wait for the US Federal Reserve ( A PRIVATE Group of Representatives of Private Banks) to come out and announce the next rate Rise.
I feel it is important to note how BTC has reacted in the past.
Mostly well.
The major declines in PA are NOT actually from A Direct result of Rises but more the effect on other things. Both LUNA and FTX suffered a lack of liquidity as Loans became more expensive. This is an indirect result as far as I am concerned. There are a number of occasions were the rate raise has NOT negated PA, as can be seen on the chart.
Today, we are expecting a 25 point rise which shoud be a boost but should a 50 or 75 come in, It may be negative for a short while but as can be seen, soon recovers
Enjoy
I feel it is important to note how BTC has reacted in the past.
Mostly well.
The major declines in PA are NOT actually from A Direct result of Rises but more the effect on other things. Both LUNA and FTX suffered a lack of liquidity as Loans became more expensive. This is an indirect result as far as I am concerned. There are a number of occasions were the rate raise has NOT negated PA, as can be seen on the chart.
Today, we are expecting a 25 point rise which shoud be a boost but should a 50 or 75 come in, It may be negative for a short while but as can be seen, soon recovers
Enjoy