Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
Jun 11, 2024 18:26
With the Federal Open Markets Committee (FOMC) of the U.S. Federal Reserve meeting scheduled for the 11th and 12th of June, the cryptocurrency market has displayed a strong bearish price action over the past two days. Notably, there have been 4 FOMC meetings in 2024 and before every meeting, the crypto market has recorded a dump, with Bitcoin (BTC) price recording a correction of up to 10% before the meeting and recovering all losses on the FOMC day. Will the market experience a similar trend during this meeting?