By Omkar Godbole (All times ET unless indicated otherwise)
Bitcoin and the wider crypto market are taking a breather in advance of today’s Federal Reserve rate decision, which could confirm that the interest-rate backdrop is becoming less of a tailwind.
The central bank is widely expected to keep the benchmark borrowing cost unchanged in the 3.5%-3.75% range, putting the focus on growth and inflation projections as well as Chairman Jerome Powell’s comments at the post-meeting press conference.
“For investors, the key question is whether the dot plot shifts toward fewer cuts and whether Powell emphasizes the danger of easing financial conditions too quickly,” said Fabian Dori, chief investment officer at Sygnum Bank, referring…
