Crypto Market Holds Breath Before Fed Announcement, Volatility Expected

[{"selector":"#anim-01eca9cc-a326-4292-ae21-e95e006d2f98 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.817772522442571%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Bitcoin and other cryptocurrencies are on pause as traders await the Federal Reserve's interest rate decision.

[{"selector":"#anim-58bc2850-df63-46a0-b242-15dbff76aac9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-32.74910490725541%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The price of Bitcoin has risen by less than 1% over the past 24 hours, hovering around $23,000.

[{"selector":"#anim-254e15ee-1787-449e-823a-cd201944dcd4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.287202267403853%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Traders are optimistic about the crypto market after the recent shock bankruptcy of FTX.

[{"selector":"#anim-806dafb9-ec45-46b7-bed0-a1b4cbfce5e1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.287202267403853%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The primary driver of the crypto market is the overall appetite for risky assets.

[{"selector":"#anim-e8b8c22c-e2dd-435d-92a1-1fc808e4b768 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.287202267403853%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Earnings from tech giants like Apple, Alphabet, Amazon, and Meta Platforms will i mpact sentiment for tech and cryptocurrencies.

[{"selector":"#anim-571ce35e-6c7d-40f1-adff-b8f55035cff7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Investors hope the Fed will announce a more accommodative policy shift to keep the momentum of the recent market rally.

[{"selector":"#anim-e601c1e0-7a51-4322-96d3-909e767579d2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.287202267403853%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] If the Fed falls short of expectations, it could lead to a selloff in the crypto market, with Bitcoin potentially spira ling downward.

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