Bitcoin\u2019s price has experienced a decline to around US$70,000 after\nthe Federal Open Market Committee (FOMC) meeting indicated signals of\ncontinued tight monetary policy. This movement is influenced by\nmacroeconomic factors, including a revised upward US inflation rate to\nabout 2.7% and interest rates remaining in the 3.50%-3.75% range.<\/p>\n
Previously, Bitcoin had strengthened towards US$76,000 on Tuesday\n(17\/03), driven by institutional fund inflows into spot Bitcoin ETFs\namounting to US$199.37 million for the seventh consecutive session. The\ntotal inflows over seven days reached US$1.16 billion, indicating\nsustained strong investor interest despite market volatility. However,\npost-FOMC meeting, investors made adjustments that triggered a\ncorrection of around 7%-8%.<\/p>\n
Indodax Vice President Antony Kusuma explained that the current\nmarket movement is heavily influenced by investors\u2019 new expectations\nregarding global monetary policy.<\/p>\n
\u201cThe FOMC\u2019s decision to maintain the benchmark interest rate and the\nupward revision of the inflation projection indicate that The Fed\u2019s\npolicy direction remains somewhat hawkish. The market has interpreted\nthe signal that inflation has not decreased as quickly as hoped, thus\nlimiting liquidity to risky assets like crypto,\u201d said Antony.<\/p>\n
Bitcoin\u2019s current movement is in the US$70,000 range, with the\nUS$70,000-US$72,000 area serving as an important support level monitored\nby investors. As long as this level holds, the price has the potential\nto stabilise in the short term, supported by institutional inflows.\nHowever, if the price breaks below this level, further adjustments may\noccur.<\/p>\n
Antony added that this phase of correction and consolidation can be\nutilised by investors to reorganise their investment strategies with\nproper risk management and a focus on the long term.<\/p>\n
In line with market dynamics, the company continues to promote\nliteracy through Indodax Academy. One recommended strategy is Dollar\nCost Averaging (DCA), which helps investors remain disciplined in facing\nvolatility without getting caught in market panic (FUD).<\/p>\n
The company reaffirms its commitment to providing a safe,\ntransparent, and accessible crypto asset trading ecosystem, while\nreminding users to always conduct independent research (DYOR) before\ntransacting.<\/p>\n
A hawkish policy is a central bank\u2019s tendency to raise or maintain\nhigh interest rates to suppress inflation. As a result, investors tend\nto shift from risky assets like Bitcoin to safer ones such as bonds or\nthe dollar.<\/p>\n
Despite short-term volatility due to macroeconomic factors,\ninstitutional adoption through ETFs shows that confidence in Bitcoin\u2019s\nfundamentals as a digital asset remains strong in the long term.<\/p>\n
Use the DCA strategy, avoid using emergency funds for investment, and\nalways monitor key support and resistance levels through technical\nanalysis.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bitcoin-corrects-after-the-feds-new-policy-heres-the-analysis-1774111876", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }