- The Federal Open Market Committee held a meeting to decide policy direction amid a global tech selloff.
- Higher interest rates and drying up cheap money are hurting Solana and Bitcoin performance ahead of the Fed meeting.
Bitcoin rallied on dovish signals from the FED, with Christopher Waller favoring unchanged interest rates, boosting expectations for crypto businesses like Solana.
5 reports, 3 independent
Updated Sep 21
Gone quiet
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- 5
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AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Bitcoin rallied on dovish signals from the FED, with Christopher Waller favoring unchanged interest rates, boosting expectations for crypto businesses like Solana.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Bitcoin
digital cash system and associated currency
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FED
business
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Solana
Mexican cottage manufacturer of sporting cars
Related events
- The Fed's tightening policy, coupled with supply shock concerns, led to a crypto rally and prompted Goldman Sachs to adjust its rate hike forecast.
- Strong job gains and inflation concerns are driving market sell-offs due to increased odds of Fed rate hikes.
- The crypto market is experiencing a rally, boosting related stocks as major firms like BlackRock remain involved in Bitcoin funds under SEC oversight.
- Solana is capturing real-world asset issuance while the market prices in an 85% probability of a Fed rate hike.
- Prateek Gupta analyzes Bitcoin's trading levels as major crypto assets react to the FED's policy outlook and rate hike odds.