K33 says U.S. FOMC rate decision may have limited impact on BTC

K33 said in a report that while the Nasdaq entered July with strong momentum and overly extended positioning, Bitcoin has continued to trade sideways near its lowest correlation levels in years, suggesting the correlation between the two assets is likely to weaken. According to CoinDesk, K33 head of research Vetle Lunde said this week’s FOMC meeting may have a limited effect on Bitcoin compared with past periods of heightened policy uncertainty.