BTC price sees 'double top' before FOMC — 5 things to know in Bitcoin this week
Concerns that Bitcoin may have already topped come as volatility is expected around the Fed rate hike decision and comments. Bitcoin (BTC) begins a key week of internal and macroeconomic events still trading above $20,000.After its highest weekly close since mid-September, BTC/USD remains tied to higher levels within a macro trading range.Bulls have been keen to shift the trend entirely, while warnings from more conservative market participants continue to call for macro lows to enter next.So far, a tug-of-war between the two parties is what has characterized BTC price action, and any....
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Ethereum has experienced a mild setback after breaking the important barrier at $2,000 and continues to trade in the green over today’s trading session. The cryptocurrency is leading the current crypto market relief and sees poised for further gains. Related Reading: Lightning Speed: Taro Wants To Abolish Cross-Border Payments, Disrupt The Market At the time of writing, Ethereum (ETH) trades at $1,980 with a 6% and 15% profit over the last 24 hours and 7 days, respectively. Only Solana (SOL), and Cardano (ADA) come close to ETH’s price gains with double digits profits over the same period.....
Yesterday’s FOMC meeting of the U.S. Federal Reserve (FED) brought less volatility to the Bitcoin market than many experts had expected. The Bitcoin price moved in a narrow range during and after the meeting. Ultimately, the Fed raised interest rates by 75 basis points, as expected. The FOMC statement said the Fed would “take into […]
Bitcoin and other cryptocurrencies in the market have had an interesting week-and-a-half. From the CPI report to the completion of the Ethereum Merge, it has been a rollercoaster of volatile activity across the market. Even with this, the market is still not done with its big events. The FOMC meeting is held on Wednesday, which, like in the past, promises unpredictable movements for the crypto markets. Expect Volatility For Bitcoin The FOMC meeting has always triggered volatility across not just the crypto markets but various financial markets. Bitcoin’s reaction to the FOMC meeting has....
Bitcoin started the week attempting to reclaim the $92,000 level, a move that hints at early signs of recovery after weeks of volatility and uncertainty. This renewed strength arrives at a critical moment for global markets, as investors turn their attention to one event: the upcoming FOMC meeting. According to a new CryptoQuant report by […]
Ethereum is holding above the $3,000 level for the fourth consecutive day as the market enters a decisive week dominated by the upcoming FOMC meeting. Traders are cautiously positioning ahead of the Federal Reserve’s announcement, aware that liquidity signals and rate expectations could determine whether this recovery continues—or breaks down. Related Reading: FOMC Week Playbook: […]