What is the historical correlation between FOMC announcement dates and cryptocurrency price movements?

1 answers

• muratJan 21, 2025 · 10 months ago
  At BYDFi, we have observed some instances where FOMC announcement dates have coincided with significant price movements in the cryptocurrency market. While correlation does not necessarily imply causation, it's interesting to note these patterns. However, it's important to remember that the cryptocurrency market is highly volatile and influenced by a multitude of factors. Therefore, it's crucial to conduct thorough research and analysis before making any investment decisions based on FOMC announcements or any other single factor.
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