{"id":185480,"date":"2023-11-02T01:57:11","date_gmt":"2023-11-01T20:27:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=185480"},"modified":"2023-11-02T01:57:11","modified_gmt":"2023-11-01T20:27:11","slug":"bitcoin-remains-above-34000-as-fed-keeps-rates-steady-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-remains-above-34000-as-fed-keeps-rates-steady-crypto-news\/","title":{"rendered":"Bitcoin remains above $34,000 as Fed keeps rates steady – Crypto News"},"content":{"rendered":"

Quick Take<\/h2>\n

In accordance with market expectations, the Federal Reserve maintained a steady stance in its recent meeting, holding the federal funds rate constant between 5.25 and 5.50. A significant takeaway from this meeting is the indication of the monetary policy\u2019s direction for the near future. With one more Fed meeting scheduled for 2023, the odds currently suggest a 73% probability of maintaining the status quo. The first rate cut, as indicated by these trends, may not occur until June 2024.<\/p>\n

Interestingly, amidst these developments, Bitcoin\u2019s performance remained stable, managing to maintain a position above the $34,000 mark. This indicates that despite alterations in traditional financial policy, the cryptocurrency\u2019s value remains unaffected, thus demonstrating a degree of resilience.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
CME FEDWATCH TOOL \u2013 MEETING PROBABILITIES<\/th>\n<\/tr>\n
MEETING DATE<\/th>\n350-375<\/th>\n375-400<\/th>\n400-425<\/th>\n425-450<\/th>\n450-475<\/th>\n475-500<\/th>\n500-525<\/th>\n525-550<\/th>\n575-600<\/th>\n600-625<\/th>\n<\/tr>\n<\/thead>\n
01\/11\/2023<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n97.1%<\/td>\n2.9%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n<\/tr>\n
13\/12\/2023<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n73.2%<\/td>\n26.1%<\/td>\n0.7%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n<\/tr>\n
31\/01\/2024<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n62.6%<\/td>\n32.9%<\/td>\n4.4%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
20\/03\/2024<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n8.1%<\/td>\n58.7%<\/td>\n29.3%<\/td>\n3.8%<\/td>\n0.1%<\/td>\n<\/tr>\n
01\/05\/2024<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n3.2%<\/td>\n27.9%<\/td>\n47.2%<\/td>\n19.3%<\/td>\n2.4%<\/td>\n0.1%<\/td>\n<\/tr>\n
12\/06\/2024<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.0%<\/td>\n1.4%<\/td>\n1.4%<\/td>\n36.4%<\/td>\n34.9%<\/td>\n11.8%<\/td>\n13.3%<\/td>\n<\/td>\n<\/tr>\n
31\/07\/2024<\/td>\n0.0%<\/td>\n0.0%<\/td>\n0.8%<\/td>\n8.4%<\/td>\n26.3%<\/td>\n35.6%<\/td>\n22.2%<\/td>\n6.1%<\/td>\n0.6%<\/td>\n<\/td>\n<\/tr>\n
18\/09\/2024<\/td>\n0.0%<\/td>\n0.0%<\/td>\n4.9%<\/td>\n18.2%<\/td>\n31.4%<\/td>\n28.2%<\/td>\n13.4%<\/td>\n3.8%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
07\/11\/2024<\/td>\n0.0%<\/td>\n2.5%<\/td>\n10.9%<\/td>\n24.2%<\/td>\n30.0%<\/td>\n21.5%<\/td>\n8.7%<\/td>\n1.8%<\/td>\n0.2%<\/td>\n0.2%<\/td>\n<\/tr>\n
18\/12\/2024<\/td>\n0.1%<\/td>\n1.6%<\/td>\n7.7%<\/td>\n19.1%<\/td>\n27.8%<\/td>\n24.8%<\/td>\n13.6%<\/td>\n4.5%<\/td>\n0.8%<\/td>\n0.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: CME Group<\/p>\n

The post Bitcoin remains above $34,000 as Fed keeps rates steady<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Quick Take In accordance with market expectations, the Federal Reserve maintained a steady stance in its recent meeting, holding the federal funds rate constant between 5.25 and 5.50. A significant takeaway from this meeting is the indication of the monetary policy\u2019s direction for the near future. With one more Fed meeting scheduled for 2023, the […]<\/p>\n","protected":false},"author":2,"featured_media":185481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-185480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/185480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=185480"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/185480\/revisions"}],"predecessor-version":[{"id":185482,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/185480\/revisions\/185482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/185481"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=185480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=185480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=185480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}