Fed rates decision, Tesla earnings, Bybit roadmap: Crypto Week Ahead
After weeks in which the bitcoin price has been constrained mainly between $85,000 and $95,000, the crypto market may be thrown a reason to break out of the doldrums on Wednesday, when the Federal Open Markets Committee sets U.S. interest rates.
May, that is. Not will. The consensus, more than 97%, is for the Fed to keep rates steady at 3.50%-3.75%, according to the CME’s Fedwatch tool. As ever, what’s said at the post-decision press conference may be more influential than the decision itself.
It’s the start of U.S. earning season. While there are no major crypto companies scheduled to report, investors are likely to keep an eye on electric-car maker Tesla (TSLA) and what it says about its stash of bitcoin. The company has…
