BTCUSD: Waiting for Federal Reserve Interest Rate Decision
Amidst the US Federal Reserve's latest policy meeting on Wednesday, Bitcoin price finds itself in a consolidation phase near the $29,300 mark.
The much-anticipated announcement revealed a 25 basis points (bps) increase in the policy rate, setting the federal funds rate within the range of 5.25% to 5.5%.
As the decision aligns with market expectations, investors are closely observing its potential ramifications on the cryptocurrency market.
With all eyes on Bitcoin's response to the Fed's move, traders are pondering whether this development presents an opportune time to make strategic moves within the cryptocurrency space.
The much-anticipated announcement revealed a 25 basis points (bps) increase in the policy rate, setting the federal funds rate within the range of 5.25% to 5.5%.
As the decision aligns with market expectations, investors are closely observing its potential ramifications on the cryptocurrency market.
With all eyes on Bitcoin's response to the Fed's move, traders are pondering whether this development presents an opportune time to make strategic moves within the cryptocurrency space.
- Advance GDP q/q
- Unemployment Claims