Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Is Ripple at Risk? Garlinghouse Breaks Silence on Linqto Scandal

July 3, 2025

XRP Price Prediction As Ripple Applies for U.S. National Bank License

July 3, 2025

Crypto Market Today, July 3rd: Ethereum Price USD, SUI Crypto, Ripple (XRP) News, Pi Network Price

July 3, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Investor Wins Big on FOMC Meeting Bet, Makes $35,000 Profit

0
By on January 31, 2025 Altcoin, Bitcoin, Regulations, Trading, Web3
Share
Facebook Twitter LinkedIn Pinterest Email

The post Investor Wins Big on FOMC Meeting Bet, Makes $35,000 Profit appeared first on Coinpedia Fintech News

In a stunning display of confidence and risk-taking, an investor recently turned a massive $1.86 million bet into a 35,000 profit by predicting the outcome of the Federal Open Market Committee (FOMC) meeting on the Polymarket, a cryptocurrency-based prediction platform.

$1.86 Million Bet Pays Off

On January 2, a bet was placed on Polymarket predicting the outcome of the Federal Reserve’s interest rate decision. Traders speculated on whether the FOMC (Federal Open Market Committee) would keep rates unchanged, cut them by 25+, or raise them by 25 bps or 50 bps.

As the FOMC meeting concluded on January 29, Federal Reserve Chair Jerome Powell announced that the committee had decided to keep interest rates steady between 4.25% and 4.50%, a decision that many experts had expected.

However, the decision came after three rate cuts in 2024, as the central bank continues to balance a strong economy with inflation rates still above its 2% target.

Eventually, this investor saw an opportunity and took the risk, betting heavily on the prediction that there would be no rate cut and making around $35,000. 

While $35,000 might seem like a small gain compared to the $1.86 million investment, the bet carried a huge risk. If the Fed had decided on a rate cut, this investor could have lost it all.

Impact on the Crypto Market

The FOMC meeting also had ripple effects on the cryptocurrency market. Jerome Powell’s comments about U.S. banks being capable of managing risks associated with crypto clients were seen as a positive signal for the industry.

Following the meeting, the crypto market showed signs of recovery. Bitcoin’s price surged to $106K, reflecting a gain of 5% and altcoins followed suit. Meanwhile, trading activity and investor interest were also high as Bitcoin ETF continued its inflow.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Is Ripple at Risk? Garlinghouse Breaks Silence on Linqto Scandal

July 3, 2025

XRP Price Prediction As Ripple Applies for U.S. National Bank License

July 3, 2025

Crypto Market Today, July 3rd: Ethereum Price USD, SUI Crypto, Ripple (XRP) News, Pi Network Price

July 3, 2025
Leave A Reply Cancel Reply

What's New Here!

Is Ripple at Risk? Garlinghouse Breaks Silence on Linqto Scandal

July 3, 2025

XRP Price Prediction As Ripple Applies for U.S. National Bank License

July 3, 2025

Crypto Market Today, July 3rd: Ethereum Price USD, SUI Crypto, Ripple (XRP) News, Pi Network Price

July 3, 2025

Why Tom Lee Believes Ethereum Price Could Reach $10,000

July 3, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.