What does the crypto industry expect from the Fed's meeting?

economictimes.indiatimes.com:

crypto industry is awaiting the outcome of the Fed's two-day policy meeting, which will be released on Wednesday. The hawkish stance from the Fed and signals of four rate hikes in 2022 has spooked the global markets lately. With a sharp correction in global equity markets, particularly in tech stocks, the crypto cart followed the carnage and eroded wealth worth $1 trillion from the global crypto market cap. However, the crypto traders are showing some signs of recovery, but the volumes have remained muted as the traders are eyeing Fed's commentary on the issue.

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Clearly, the Fed intends to curb and pump out the easy money policy. The hawkish view from the US central banks hammered the crypto cart and the top coins saw a big drop in their pricing. The stock market is likely to indicate the outlook for the crypto market. The stock market is having another rough ride, said Anndy Lian, Chairman, BigONE Exchange. Market experts believe that the Fed will try to restrain the rising inflation without dismaying the already fragile markets further, without the complete certainty of the success of their plans. Bill Hughes, Senior Counsel & Director of Global Regulatory Matters, ConsenSys, said: «We should expect the entire world to hold its collective breath while a room of central bankers make decisions that will have ripple effects in all world markets, which is the hallmark of a financial system that crypto believes it can improve upon.» He specifically expects the Fed to try to walk the very difficult and uncertain line of curbing inflation while