“Fed interest rate decisions have seen reduced medium-term directional impact on BTC as correlations reign moderate, K33 analysts Anders Helseth and Vetle Lunde noted in a market preview Tuesday. “We still expect a significant intraday volatility contribution from the Wednesday FOMC, as the market typically reacts with bursts of strongly correlated and heightened volatility during the FOMC hours.”
Source: https://www.coindesk.com/markets/2023/11/01/federal-reserve-leaves-rates-unchanged-bitcoin-flat-at-345k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines