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Ahead Of The Curve
16 Sep 2024

All eyes on the FOMC

The U.S. interest rate decision is expected to substantially impact crypto markets, as correlation between BTC and equities has neared all-time highs. We note clear signs of hedging on CME, while offshore yields itches higher.
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Markets range but this week promises volatility
Bitcoin (4%) gained ground to make up for last week’s losses, spending most of the week in a range between $57,000 and $60,500. ETH continues to underperform as it produced negative returns over the last week, while ETHBTC dropped below 0.04 for the first time since April 2021. Attention now turns to the U.S. interest rate decision from tomorrow’s FOMC meeting, which is expected to produce sharp moves across all markets. MicroStrategy remains an aggressive accumulator of BTC, announcing the p
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