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Experts say that Crypto Prices will Nuke if the 100 bps Rate is Announced FOMC Meeting

Experts say that Crypto Prices will Nuke if the 100 bps Rate is Announced FOMC Meeting

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Rising inflation draws all eyes to the FOMC meeting. People who have started anticipating this financial crisis expect the interest rate to be 75 basis points. However, the new FOMC meeting has them worried. Experts say crypto prices will rise if a 100bps rate hike is announced at the FOMC meeting.

Rapid drop of most league cryptos

Many major league cryptocurrencies such as Bitcoin and Ethereum have seen significant declines in the past 48 hours. Bitcoin has seen some relief after crossing the $19,000 resistance, but it is still far from finding a solid bottom. Ethereum has dropped below $1.4000 – but this drop is due to a consolidation update.

The probability of 100 Bps is 16%

According to Crypto Chase, one of the leading crypto experts active on Twitter, with over 100,000 followers on the platform and YouTube, was able to predict the bullish cycles of Bitcoin and Ethereum and sold them for $56,000 and $4,000 respectively.

“Giga Nuke” is the term he has given to what would happen to crypto prices if the central bank decided to raise interest rates by 100 Bps. And there is a 16% chance that it could happen.

But what if the hike is 75 bps as people expect? Crypto Chase says it would allow liquidity to flow both ways, leading to volatile price action leading to a “Darth Maul Candle” that would stop long and short before Fed chart Powell makes any announcement.

Trading Tank Says Bitcoin Dip Eminent If 100 BPS Decided

Trading Tank is another crypto expert who gave his two cents about the latest developments in the crypto market. In a message to his 7,700 Twitter followers, he wrote that the CPI and PPI data were fresh and inflation was much higher than expected. This led him to stop selling due to the 75 BPS increase.

He says the same things as Crypto Chase and states that Bitcoin let’s test something new at the bottom if the Fed chooses a 100 bps hike.

He added that the economic effects of high interest rates will take some time to take effect. However, customers act as if the reaction is immediate, resulting in massive sales.

But, if the rate of increase is 75Bps, as the crypto crowd is already expecting, the price of Bitcoin may rise due to a medium-term rally.

Experts are constantly weighing their views on the current situation

The experts closely follow current developments and eagerly add their perspectives to the current situation. The hike isn’t just affecting the crypto market. According to DailyFX’s John Kicklighter, the organic trend also looks bearish if the 100 bps rate of increase materializes.

The current period is particularly volatile in the crypto space. Investors must weigh their choices carefully before investing. In addition, it is also important that they are always prepared for worst-case scenarios. The Fed’s rate hike is just one part of the changing phases of the crypto market. Growing demands for regulation and utility-based cryptos may also impact the market.

Update – Wednesday’s FOMC meeting was followed by the announcement of a 75bps rate hike, and while the market sold off a bit, Bitcoin did not fall below $18,000 and then bounced back to above $19,000.

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