Bitcoin Price Volatility Likely to Stay Depressed After Fed Rate Decision

“The Fed has been very adamant about remaining ‘data dependent’ and signaling the ability to ‘hold rates higher for longer’. To me, this means the Fed can navigate this week’s FOMC meeting by keeping rates unchanged, but signaling rates will remain elevated while they monitor economic releases,” Greg Magadini, director of derivatives at Amberdata, said in a note to clients on Monday.