Betting on FOMC Meeting Made This Investor $35,000

Pooja Khardia
Updated
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Betting on FOMC Meeting Made This Investor $35,000

Highlights

  • An investor bet on the FOMC meeting outcome, earning $35,000 in profits.
  • The FEDs decided to keep the interest rate steady after three rate cuts in 2024.
  • Jerome Powell commented on the Bank's abilities to manage crypto clients, fueling crypto market recovery.

Amid the odds and uncertainty, an investor bid on the FOMC meeting and made $35,000. Although this is nothing new in the crypto market, such milestones are remembered either due to them turning successful at odds or giving handsome returns, and this incident carries both things. Let’s discuss.

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FOMC Meeting: No Rate Change Decision Made Investor $35K

The US FED decided to keep the interest rate study between $4.25% and $4.50, which most experts already anticipated. Jerome Powell’s speech mentioned that the economy is strong, but inflation is still above the central bank’s 2% targets. With the FOMC meeting on January 2, there’s a pause on the rate cuts after the three cuts happened in 2024.

“With the economy continuing to be robust, we don’t have to rush to change the policy direction,” said Powell.

Notably, an experienced trader made the best use of the opportunity, betting on the FOMC outcome and making $35,000 in just a few hours. Interestingly, the person took a risk, as they bet $1.86M. If the FED has opted for rate cuts, this investor would have lost $1.86M.

FOMC Meeting Investor profit

Some complimented this better’s trust and bold moves, while some criticized the madness, as the person bet millions of dollars for a mere profit. Regardless, the investor’s intuitions and research worked, making a $35,000 profit.

How is This FOMC Meeting Affecting the Crypto Market?

Along with the inflation discussion, Jerome Powell’s one specific statement has become the highlight of the Fed meeting. Powell stated that US banks are fully capable of managing any risks associated with crypto clients, which experts believe signals ‘no significant plans to restrict financial institutions from dealing with the crypto industry.’

Interestingly, before the FOMC meeting, a significant crypto crash took place, which impacted digital assets massively. However, past the meeting, bullish momentum has begun building. The Bitcoin price surged to $106.2k on January 30, and the rest of the altcoins followed up soon.

Investors’ trading activity and interest also grew in the market, especially in Bitcoin, XRP, VVV, and other tokens, per a santiment report. Considering that an earlier CoinGape report mentioned these as the cryptos to buy before January 31 for high returns.

However, with the upcoming U.S. economic data report, the crypto market is a bit turbulent today. Such macroeconomic events affect investors’ sentiments and interfere with the price trajectories of digital assets, so careful trading activities are mandatory at this point.

Crypto market heatmap

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Key Things To Remember

The FED meeting positively affected the crypto market, especially the BTC token. Since then, the Bitcoin price surge has surged to $106.2k before declining again due to upcoming U.S. economic data. As a result, the entire crypto market is facing turbulence today. Interestingly, some investors consider it a buying opportunity, as the digital assets trade at a low. The aforementioned investor also identified a trading opportunity in the FOMC meeting, as they bet $1.86M on ‘no rate cuts,’ earning $35,000 in profits. With this, the person highlighted the earning potential of the market, but it is only possible with the proper research and skills.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.