Federal Reserve Keeps Interest Rates, Rate Cut Outlook Steady for This Year
Policymakers forecasted Wednesday they would lower interest rates to 4.6% by year-end, similarly to their December projection.
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Bitcoin Price
Policymakers forecasted Wednesday they would lower interest rates to 4.6% by year-end, similarly to their December projection.
Disappointing flows into bitcoin ETFs over the past days partly resulted from investors trimming risks ahead of Wednesday’s FOMC meeting, one market observer said.
Bitcoin’s price has begun a recovery, trading above $68,5K as the day continues.
Bitcoin could enter a period of consolidation before its next leg in the rally, observers noted.
Bitcoin nearly doubled in price since late January, but a “counter move seems to be near,” Swissblock analysts said.
Momentum behind bitcoin’s rally has waned so expect a period of consolidation, Matrixport analysts noted.
Bitcoin briefly rose above $70,000 Friday, but immediately tumbled to $67,000, repeating Tuesday’s action.
Bitcoin’s sharp rebound from Tuesday’s plunge indicates a start of a new rally targeting $76,000, Swissblock said.
As Bitcoin (BTC) continues its push toward a potential new all-time high (ATH), pulling the majority of the cryptocurrency sector … Continue reading
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Bitcoin’s price targets $70,000 in the short term and could reach a new all-time high as soon as this week, analysts said.