I just reread the minutes of the latest FOMC meeting, and there is indeed a lot of interesting information. The Federal Reserve System is clearly not in unanimous agreement on when and how to move forward with interest rates. At the October FOMC meeting, there was a real divergence of opinions — some members were ready to cut rates as early as December, while others insisted on holding the course. Such uncertainty, of course, affects all assets, including crypto.

Honestly, the crypto market has become extremely sensitive to every move by the Fed. Previously, macroeconomic signals could be somewhat ignored, but now that no longer works. What is said at the FOMC directly impacts the volatility of Bitcoin, Ethereum, and everything else.

An interesting point is that the minutes indicate almost full agreement on ending quantitative tightening by December 1. This could mean liquidity will start to increase, which, in turn, could positively impact the markets. But everything depends on how economic indicators develop.

I am monitoring Fed communications and new data on inflation, unemployment, and growth. Future reports will likely be key to understanding where the Fed is heading next. And that, in turn, will determine the direction of the crypto market. I recommend everyone holding positions in cryptocurrencies to keep this in mind.