Summary
TLDR: The Fed’s upcoming decision could pose a risk for investors, as strong US economic data and inflation may lead to a less investor-friendly policy stance. This could potentially affect the crypto market if there is a risk-off sentiment from the Fed decision.
Key Points
1. The Federal Reserve’s decision this week is seen as a potential risk for the cryptocurrency market, as concerns arise over a less investor-friendly policy stance due to strong U.S. economic data and inflation.
2. Market strategist Joel Kruger from LMAX Group highlighted that while correlations between crypto and traditional assets have been low, a risk-off sentiment resulting from the Fed decision could potentially spill over into the crypto market.
3. Investors should monitor the Fed’s decision closely and be prepared for any potential impact it may have on the cryptocurrency market, as a shift in policy stance could lead to increased volatility and uncertainty.