FOMC meeting poses risks to Bitcoin (BTC) and cryptocurrency prices, analyst says.

“The Fed’s decision this week carries risks due to strong U.S. economic data and concerns about a less investment-friendly policy stance due to inflation,” Joel Kruger, market strategist at LMAX Group, said in an email. “The correlation between cryptocurrencies and traditional assets has been low, but the risk-aversion sentiment resulting from the Fed’s decision could spread to cryptocurrencies,” he said.