FED Rates announcement creates volatility in market.

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Hello lovely people of Hive and Leofinance community. Hopefully you will be enjoying your life with good health and spirit. Friends, as expected FED maintained interest rate of 5.25% to 5.5%. Yesterday market was down due to FED rate decision.





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Unchanged rate helped to build investors trust as we observed 3% rise in cryptomarket cap. Today BTC surpassed $35,000. At one stage it was about to touch $36,000 ($35,984). However, it unable to maintain its worth and currently trading around $34,600. At current price BTC is still 0.28% higher from yesterday worth.

Alt coins also observed a little bit pump but like BTC unable to sustain its worth. At one stage our Blockchain coin Hive observed $0.359. Like other Hive unable to maintain its worth and currently it is trading around $0.339. At current price coin is still up by 2.41% from yesterday worth.

This reveals that FED rate outcomes create volatility in market. Yesterday market observed dip and today first half market observed a little pump and it is moving towards it yesterday worth.

Current Volatility provide opportunity to the smart trader to grab a big profit. Personally, I unable to take advantage of this volatility. How is your experience my friends?

This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.


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7 comments
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No wonder
I was also wondering what happens that causes the volatility in hive price

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It is interesting to see how any news from the fed has a impact not only on the US markets but the ripple effects can be felt in the entire crypto space as well

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(Edited)

the recent FED rate decision had an impact on the crypto market. It's interesting to see how the market has reacted, with a slight pump followed by a correction. This volatility is certainly something that traders need to be aware of, but it can also present opportunities for those who are willing to take the risk.

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