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Wealthy trader bets millions ahead of Fed's 2PM announcement
Yahoo Finance·2025-10-30 00:15

The crypto market had been awaiting the conclusion of the Federal Open Market Committee (FOMC) meeting on Oct. 29 as to what the Federal Reserve will have to say about interest rates. The members of the central bank gathered for the two-day Federal Open Market Committee (FOMC) meeting, and as expected, decided to slash federal rates by 25 basis points to 3.75%-4%. Ahead of the announcement, a crypto whale with a 100% win rate made a profit worth millions of dollars by closing long positions. As per the ...