Bitcoin’s Fate in the Shadow of Fed Decisions: Santiment Unveils Four Potential Scenarios

The Federal Reserve’s upcoming meeting could have significant implications for Bitcoin and other asset classes. Santiment, a crypto analytics firm, has outlined four potential outcomes based on the FOMC decision regarding interest rates. 1) A rate cut might propel Bitcoin prices higher, potentially aiming for a record high of $100,000. This scenario aligns with historical patterns where lower interest rates can boost risk appetite and investor sentiment towards cryptocurrencies. 2) If no change is made to the Federal funds rate, Bitcoin’s price may remain stagnant in its current range. 3) A potential rate hike by the FOMC could push Bitcoin prices down, potentially hitting key support levels.