As geopolitical tensions rise with the ongoing Israel-Iran conflict, financial markets remain under pressure. Today, June 18, the US Federal Reserve will announce the results of its two-day meeting.
Fed Decision and Market Expectations
The Federal Reserve will announce the meeting's results at 2 p.m. ET. Analysts predict that the Fed will keep interest rates unchanged, supported by data indicating a 99.9% probability of maintaining rates.
Impact on Cryptocurrencies
The cryptocurrency market, including Bitcoin, Ethereum, and XRP, is bracing for potential volatility. Bitcoin is showing signs of increased volatility, hovering near the $105,000 mark. Ethereum has slipped below $2,500, while XRP faces additional pressure from the ongoing Ripple-SEC case.
Investor Outlook
If the Fed hints at a dovish stance, this could spur capital flows into altcoins. Conversely, a hawkish policy could trigger sell-offs and extended losses.
The Fed's decision will significantly impact financial and cryptocurrency markets. Investor reactions will depend on the tone of Fed Chairman Jerome Powell's comments and the central bank's subsequent actions.
