FED rate actually determines the direction of market. Rate can be moved three ways, high interest rate, low interest rate and unchanged. Unchanged rates doesn't create impact on market.
Higher interest is not good for the crypto, as people shift their asset from crypto to bank or any other investment plan which offers good interest rate. Same way lowering interest is not only good for business but it is also beneficial from crypto market.
Let's see the outcomes of FED rate. High interest may dump the market and same way lower interest rate may pump the market. Time to hold your asset and wait for the right time to investment in crypto market. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.