FOMC Bets Backfire: Traders’ Leveraged Tears
As the Fed’s statement descended upon the masses, confirming the central bank’s intention to maintain its interest rates within the 4.25% to 4.5% range, the price of Bitcoin, much like a stoic Russian peasant under the gaze of the Politburo, barely flinched. The market, in its infinite wisdom, had already sniffed out the central bank’s next move with the precision of a Siberian husky on the scent of a reindeer.