Insights

Bitcoin, DXY suffer the most following FOMC meeting

exchange68September 13, 2024

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Quick Take

BTC is down 4% since the Federal Reserve raised interest rates by 25bps
DXY is now trading at 102.5
Gold performed exceptionally well, extending its rally by 1%
Powell said, “we no longer expect that ongoing rate increases will be appropriate”.
Fed Funds futures are pricing in no more rate hikes this year.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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