FED Rates announcement creates volatility in market.

in #hive-167922last year
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.





source

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.


Sort:  

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

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

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.