Federal Reserve Decision Sparks Bullish Hopes in Crypto Market
Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades – https://telegram.me/progrouptraders Expectation of a relief rally persisted despite a widely used crypto sentiment indicator falling back into “Extreme Fear” on Wednesday. Crypto traders have become hopeful for a market rally after the US Federal Reserve held interest rates steady on Wednesday, according to crypto sentiment platform Santiment. However, analysts are split on whether a near-term market surge is a reliable signal for traders. “For now, traders are expecting a bullish relief rally in spite of no changes being made,” Santiment said in an X post on Wednesday, pointing to an increase in bullish sentiment among crypto market participants on social media who are linking the Fed’s steady rates to a potential crypto rally. The social media discussion score surged from roughly 9 to 71 in the hours after the Fed’s “e...