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Crypto Market Awaits Fed Decision, Powell's Statement; What to Expect

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Markets will look to Fed's updated policy statement and Fed Chair Jerome Powell's press conference

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The Fed is now undergoing a blackout period, which means committee members are unable to make public comments prior to the FOMC meeting.If the Fed announces a rate cut and Powell's comments are regarded positively, the cryptocurrency market may respond positively. Lower interest rates generally boost risk assets, including cryptocurrencies, as investors seek higher returns.

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