The Federal Open Market Committee (FOMC) is the main policy-making body of the Federal Reserve System (the central bank of the United States). The FOMC makes decisions on monetary policy, such as setting interest rates and adjusting the money supply.
In terms of its impact on cryptocurrency, the FOMC’s monetary policy decisions can affect the overall market sentiment and investor confidence, which in turn can impact the prices of cryptocurrencies. For example, if the FOMC raises interest rates, it can lead to a decrease in demand for risky investments like cryptocurrencies, causing a drop in prices. However, it’s important to note that the cryptocurrency market is still relatively small compared to traditional financial markets, and its impact on cryptocurrencies is not as significant as other factors such as investor sentiment, adoption and regulatory developments.
