NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Crypto Market In Panic Ahead Of FED Meeting, Will It See Relief Or More Pain?

Reynaldo Marquez
Reynaldo Marquez
3 years ago
2 mins read
crypto bitcoin btc btcusd Ethereum

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The crypto market could face more volatility during today’s trading session. The U.S. Federal Reserve is set to host its Federal Open Market Committee (FOMC) meeting and possibly announce a hardline approach to combat inflation.

Related Reading | Bitcoin Miners’ Exchange Flow Rises To Seven-Month High Amid Bloodbath

Inflation metrics have been at their 40-year high versus the U.S. dollar. Thus, investors expect the financial institution to announce a hawkish monetary policy to try and bring down inflation which has been impacting the crypto market and risk-on assets.

At the time of writing, Bitcoin is barely hanging above $20,000 and records a 33% loss in the last week. Ethereum records a 40% loss over the same period with smaller cryptocurrencies trading in the red.

Bitcoin BTC BTCUSD FOMC
BTC trends to the downside on the 4-hour chart. Source: BTCUSD Tradingview

Trading desk QCP Capital recently posted a market update highlighting the levels of panic in the crypto market. As Bitcoin and other larger cryptocurrencies trended to the downside, major crypto companies failed to meet their financial obligations.

The recent evens followed a catastrophic collapse in the Terra ecosystem which already set the stage for a soft market to see further losses. Now, lending and borrowing platform Celsius halted all withdrawals, and Coinbase and BlockFi fired 18% of their personnel.

In a letter to his employees, Coinbase CEO Brian Armstrong spoke of an imminent economic recession. These events contributed to the crypto market selloffs. QCP Capital said:

These are record levels for the year, reflecting the heightened panic in the market as we head into FOMC in a few hours. Markets have revised expectations for the FOMC rate hike from 50 bps to 75 bps. Markets are rightly worried that the Fed might be prioritizing inflation over recession concerns.

In other words, the FED could choose to stop inflation regardless of spilling more blood in the traditional market.

Will The Crypto Market See More Violence?

However, QCP Capital believes there is a possibility for some relief in the short term. This move to the upside could be supported by the high amount of leverage positions that suffered liquidations during the recent downside move.

In addition, Bitcoin is trading above its previous all-time high which has often operated as a major area of support. This could provide bulls with more breathing room as selling pressure declines. QCP Capital added:

The market seems to be at max bearishness right now and any dovish indication from Fed could trigger a short squeeze. While everyone is focused on the negative headlines, a sharp move higher could catch the market by surprise.

Related Reading | Bitcoin Crash Sends Institutional Investors Running For The Hills

The FED meeting will take place in less than an hour and could push Bitcoin and the crypto market back to their pre-2020 range. This could see BTC’s price trading in the $10,000 levels, but as of right now, $20,000 is holding.

Tweet123Share196ShareSend
Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Компании-казначеи Биткоин: скрытые риски для рынка

Цена Биткоина (BTC) опустилась ниже $103,000 после снижения на 1,17% за последние 24 часа. Первая криптовалюта продолжает испытывать значительную коррекцию...

lisachaikina 2 hours ago

Still Using Coinlocally? Toobit Proves You Deserve Better

It starts with a papercut. A single missing feature that makes you sigh. Then another—a flicker of lag right before...

News BTC 2 hours ago
bitcoin and war israel iran

Bitcoin Price Crash Far From Over As Support Sits Below $90,000 – Details

The Bitcoin price crash has been spurred on by looming war events as Iran and Israel continue to go head-to-head....

Scott Matherson 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Down But Not Out—Analyst Sees Recovery Ahead Amid Middle East War

Christian Encila 23 minutes ago

Il crollo di Bitcoin non è finito: il vero supporto è sotto i 90.000$

Maria Giovanna Ambrosio 1 hour ago
Crypto bull run over news

Crypto Bull Run Over? Here’s What A Top Trader Just Said

Jake Simmons 1 hour ago

Premium Sponsors

Top Brands

Press Releases

  • BingX Quantum Leap: Turning Intelligence into Impact with...

    15 minutes ago
  • Új kriptovaluta robban be a piacra, mint a Bitcoin lehetséges helyettesítője: „Pozitív jel”

    Új kriptovaluta robban be a piacra, mint a Bitcoin...

    55 minutes ago
  • LET Mining

    DOGE holders migrate! Earn $2310 a day through LET Mining...

    55 minutes ago
  • ETHRANSACTION Mining Service Platform: Bitcoin breaks...

    12 hours ago
  • In 2025, RI Mining will launch an online mobile APP to mine...

    21 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.