Bitcoin Price Volatility Amid News of Fed Policy Decision

By
Takashi Tanaka
1 min read

Bitcoin saw a significant dip before rebounding to trade around $64,139, up 2.31% from 24 hours prior. Despite recent drops, it has surged 124% yearly, reaching a high of nearly $73,800. The decline is attributed to drying up demand for U.S. exchange-traded funds and uncertainty over the Fed's policy decision. Investors are eagerly awaiting the big Fed policy decision, with speculation about potential rate cuts and quantitative tightening. Bitcoin's reaction to such key Fed decisions has historically impacted prices, and its response this time remains uncertain.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines.The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings