Quote from: meanwords on Today at 05:58:01 AM

What's up with people correlating FOMC meeting this feb 1 with the pump and dump of Bitcoin? I don't know what FOMC meeting do so I'm confused as to why some people see this as a go signal to buy or sell Bitcoin.

Can someone share a light on this?

There are some people who use the FOMC as an indication to determine their price predictions to determine long or short, especially for day traders or scalpers they will always look forward to it, it cannot be denied that there are indeed some influences to the stock market, bonds, crypto and others from the policies issued by TheFed as a confirmation of financial recapitulation and determine the next step of the monetary system.
I think this is a natural thing for short-term investors/traders, but long-term investors rarely look at the FOMC results.