US Fed Res unplanned meeting on crypto: 14 Feb

The United States Federal Reserve is doing a meeting on crypto, which is unplanned.

The decision and announcement by the US Federal Reserve to improve the financial system and infrastructure in the US is a very common thing. As we know, the US Federal Reserve is top in the world, in terms of better decision marker government agency to fix the financial issues and push the growth of the country economically. But still, some better decisions are not in favor of the money market like stock and Crypto. 

Reportedly, the US Federal Reserve planned an instantaneous meeting with the inclusion of some officials. The main goal of the meeting will be to discuss the negative effects of the crypto industry. There are huge chances that a meeting will take place, or maybe going on today. 

The majority of the experts claimed that there are chances that Fed will give its decision to increase the interest rate and it will further result in negative effects for risky assets like cryptocurrencies. 

However, experts claimed that the cryptocurrencies based assets are at risky point because of hike in interest rate probability but here we should consider it as an opportunity because the recent January 2022 correction in the crypto market proved that the market is enough mature and there is better financial support, so huge downfall is very rare. But these hikes in the interest rate may give some better opportunities for the investors, who want a significant discount. 

Hike in interest rate independent for crypto and stock industry 

A hike in interest rate means an increase in the interest on the funds, bonds that Banks have from their users. The higher the interest rate, the higher will be the probability for the people to hold their funds in a bank account instead of investing in any assets. 

But in actual reality, interest rates are independent of the Crypto Market at a very high degree.

According to experts’ points of view, these types of facts and considerations came into existence because of the entry of financial institutions, which keep their eye on every moment in this Crypto industry to remain away from any high and big risk. 

Read also: DBS bank plans to offer retail crypto trading services in Q4 2022