Fed’s Guidance Critical for Bitcoin Momentum, Warns CEX.IO Analyst Illia Otychenko

On September 18, according to Decrypt and reported by COINOTAG, CEX.IO’s chief analyst Illia Otychenko emphasized that although lower interest rates often benefit risky assets such as Bitcoin, the primary focus for investors should be on the Federal Reserve’s future guidance. He noted that even if the Federal Reserve opts to decrease interest rates by 50 basis points, the market response would heavily depend on Fed Chairman Powell’s subsequent comments on future monetary policy actions. Without definitive forward-looking guidance, many institutional investors might reduce their risk exposure, potentially curbing Bitcoin’s optimistic trends. Additionally, after the Federal Reserve’s rate decision announcement, Powell is scheduled to give a speech and address reporters’ questions half an hour later. COINOTAG is committed to providing continuous updates and detailed reports on this critical interest rate decision event.