SOL Breaking Out, BTC Volatility Suggests Big Move is Due
The Federal Reserve is expected to approve its 11th interest rate increase since last March, and concerns seem centered on whether this move is excessive given disinflationary trends. The benchmark borrowing rate is projected to reach its highest level since early 2001. Major equity indices are starting the day lower as investors await the Fed’s decision, and the DXY is moving lower alongside longer-term rates. In the crypto market, BTC and ETH are slightly higher at the start of the day, while SOL 2.72% demonstrates impressive performance, rising nearly 7%. Conversely, DOGE is experiencing a pullback after its significant surge of over 15%, fueled by rumors of potential integration into the Twitter app.
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