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Richard Heart’s Hex [HEX] is one of them while Litecoin [LTC] followed right after. According to recent data, HEX was bagging double-digit gains. At press time, the altcoin Ripple led the rally among the top ten tokens by market capitalization, surging more than 7% to $2.66. Meanwhile, Bitcoin (BTC) and Ethereum (ETH) prices saw By shortly after the FOMC, to the relief of bulls or those playing a short-term bounce, BTCUSD should be approaching tentative support around the 38.2% Fib retrace of Bitcoin jumped more than 3% following the Minutes' release. Ethereum and other altcoins also had their fair share of rise. Bitcoin (BTC) and several other cryptocurrencies Daily price data from the Bitcoin Liquid Index is used to examine the impact of FOMC statements/press conferences on BTC-USD by calculating abnormal returns and Tomorrow’s FOMC is priced at an 80% chance of an interest rate hike of 25 basis points (bps). According to a recent post by the crypto-trading firm QCP Capital, the Bitcoin prices continued to experience their typical volatility today, falling after the Federal Open Market Committee (FOMC) released its latest statement indicating it would Bitcoin’s price has consistently exhibited notable volatility around Federal Open Market Committee (FOMC) meetings. Historical data from recent meetings indicates that Bitcoin BTC $84 106 and altcoins are currently showing strength ahead of the upcoming Federal Open Market Committee (FOMC) meeting which will conclude on March

Hex Litecoin Rallies Post FOMC as Bitcoin & Ethereum Undergo Corrections

In the volatile world of cryptocurrency, shifts in market sentiment are commonplace, especially following Federal Open Market Committee (FOMC) announcements. Recently, while Bitcoin (BTC) and Ethereum (ETH) experienced corrections, select altcoins, including Hex [HEX] and Litecoin [LTC], demonstrated remarkable resilience, even staging notable rallies.

Hex and Litecoin Shine Amidst Market Fluctuations

Richard Heart’s Hex [HEX] is one of them while Litecoin [LTC] followed right after. According to recent data, HEX was bagging double-digit gains, showcasing its potential for independent growth. The positive momentum extended beyond these two, with Ripple leading the charge among the top ten tokens by market capitalization, surging more than 7% to $2.66.

FOMC Impact: Bitcoin's Volatility and Initial Relief

Bitcoin’s price has consistently exhibited notable volatility around Federal Open Market Committee (FOMC) meetings. Historical data from recent meetings indicates that Bitcoin BTC $84 106 and altcoins are currently showing strength ahead of the upcoming Federal Open Market Committee (FOMC) meeting which will conclude on March. This pre-FOMC strength suggests a complex interplay of anticipation and speculative trading.

Meanwhile, Bitcoin (BTC) and Ethereum (ETH) prices saw By shortly after the FOMC, to the relief of bulls or those playing a short-term bounce, BTCUSD should be approaching tentative support around the 38.2% Fib retrace of Bitcoin jumped more than 3% following the Minutes' release. Ethereum and other altcoins also had their fair share of rise. Bitcoin (BTC) and several other cryptocurrencies. This immediate response, though positive, highlights the short-term, reactive nature of the crypto market to FOMC news.

Decoding the FOMC's Influence on Crypto

Daily price data from the Bitcoin Liquid Index is used to examine the impact of FOMC statements/press conferences on BTC-USD by calculating abnormal returns and Tomorrow’s FOMC is priced at an 80% chance of an interest rate hike of 25 basis points (bps). According to a recent post by the crypto-trading firm QCP Capital, the Bitcoin prices continued to experience their typical volatility today, falling after the Federal Open Market Committee (FOMC) released its latest statement indicating it would. This ongoing pattern underscores the sensitivity of Bitcoin, and the broader crypto market, to macroeconomic factors and monetary policy decisions.

Navigating the Post-FOMC Landscape

While the long-term effects of FOMC decisions remain to be seen, the immediate aftermath has highlighted the potential for specific altcoins like Hex and Litecoin to outperform during periods of broader market correction. Investors and traders should carefully monitor these trends and consider the potential for further divergence in performance across different cryptocurrencies in the wake of future FOMC announcements.

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