FED Rates announcement creates volatility in market.

Words
222
Reading
1 min
3y
Listen to this post
~1 min
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.

alt


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.

FED Rates announcement creates volatility in market. | Ecency