• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Breaking News: Tether Announces Strategic Partnership To Combat Stablecoin Misuse
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Bitcoinist.com
No Result
View All Result
Breaking News: Tether Announces Strategic Partnership To Combat Stablecoin Misuse
bitcoin, cryptocurrency, btcusd, btcusdt, xbtusd, xbtusdt

What to Expect from Bitcoin After Fed’s Two-Day Policy Meeting

Yashu Gola
by Yashu Gola
4 years ago
·
Posted in Bitcoin, Op-Ed
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
  • Bitcoin rallied above $11,000 ahead of the Federal Reserve’s two-day meeting.
  • Policymakers will decide whether or not to maintain their benchmark interest rate near zero.
  • A general market consensus notes that the Fed will refrain from making any changes to its easing program.
  • In the short-term, the news can help Bitcoin to continue its bull run.

Bitcoin logged a surprising bull run at the start of this week, breaking above $11,000 for the first time in almost eleven months.

bitcoin, cryptocurrency, btcusd, btcusdt, xbtusd, xbtusdt
Bitcoin price shoots above $11,000. Source: TradingView.com

The climb brought the cryptocurrency within striking distance of $11,500. Nevertheless, a small downside correction ensued entering the Tuesday session as traders waited for the US Federal Reserve to announce whether or not it would continue its easing program.

Near-Zero Interest Rate

In retrospect, the Federal Open Market Committee will gather for a policy meeting on Tuesday and Wednesday. In it, the committee will discuss the rising number of COVID cases in the US and how it threatens their economy’s recovery in the coming months.

The grim outlook will increase the Fed’s likelihood to take additional measures to calm investors. It may be in the form of a pledge to keep the interest rate near zero until the economy shows signs of a sustainable recovery. Meanwhile, the Fed’s plans to continue its bond-buying program will come at the expense of the US dollar.

A weakening greenback this year had resulted in a Bitcoin rally because it makes the cryptocurrency cheaper to buy in international markets.

bitcoin, cryptocurrency, btcusd, btcusdt, xbtusd, xbtusdt
Bitcoin-US dollar index correlation in 2020. Source: TradingView.com

The US dollar index edged 0.2 percent higher ahead of the Fed’s meeting but continued to trade near its two-year low.

As for interest rates, the decision to keep them lower will directly impact the leading US Treasury bonds. Any dovish policy will maintain an additional downward pressure on real yields. Late last week, they fell below zero, a move that sent investors looking for better returns in riskier assets.

That also helped gold to climb towards its all-time high at the beginning of this week. Bitcoin, on the other hand, broke above a resistance range that had capped its upside momentum for more than a year.

More Support Coming (Bullish for Bitcoin)

Lou Crandall at Wrightson Icap told FT that he expects the Fed to keep its interest rates unchanged. The analyst noted that the central bank is still measuring the impact of COVID resurgence on the economy.

“That said, we would not rule out the possibility that the Fed might be ready to hint that it will tilt its [quantitative easing] purchases toward longer maturities once the framework review is completed in the fall,” he added.

Thomas Costerg, the senior US economist at Pictet Wealth Management, noted that Fed’s inclination to “have its finger on the trigger” would boost demand for safe-haven assets like gold. That, in turn, would leave Bitcoin with more room to grow.

The cryptocurrency was trading at $10,876 at the time of this writing.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Yashu Gola

Yashu Gola

Follow

Globetrotter Yashu Gola has been working as a financial/crypto market journalist since 2013. He is an information technology graduate, a cryptography junkie, a filmmaking enthusiast, and an avid reader of Jon Erickson, Agatha Christie, JK Rowling, and Isaac Asimov.

Full Profile

Related Posts

Bitcoin

Bitcoin May Land On 36 More Company Balance Sheets This Year, Blockchain Firm Says

5 hours ago
Bitcoin

Bitcoin Boom Pushes Satoshi Nakamoto Into Top 11 Wealthiest, At $130  Billion

8 hours ago
Bitcoin

Proof Of Power: Bitcoin Dwarfs S&P 500 With Nearly 100% Edge Since 2012—Data

1 day ago
Bitcoin

Bitcoin Is The ‘Manhattan’ Of The Digital Age, Says Scaramucci–Here’s Why

2 days ago
Bitcoin

Bitcoin Soared—But Mainstream News Was Missing In Action, Study Reveals

3 days ago
Bitcoin

Analyst Predicts Bitcoin Price Breakdown — Here’s The Best Time To Buy

4 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Earn $3,500 a day – Start a Dogecoin Miner Using...

    15 minutes ago
  • [Profitable formula] DOGE + Bitcoin mining machine =...

    5 hours ago
  • Start a mining machine with XRP and earn $9999 per day!

    9 hours ago
  • Start a mining machine with XRP and make $9,141 a day!

    11 hours ago
  • Start Bitcoin Mining Machines with “King of...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
  • 200 FREESPINS
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.