Bitcoin Retakes $35K After FOMC as Solana's SOL Leads Sharp Altcoin Rally
The Federal Reserve pulled no surprises on Wednesay as it kept policy on hold but promised a continued focus on bringing inflation to heel. Original Source
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FOMC
Bitcoin (BTC) Price Flat as FOMC Leaves Rates Unchanged; Powell Press Conference Upcoming
"Fed interest rate decisions have seen reduced medium-term directional impact on BTC as correlations reign moderate, K33 analysts Anders Helseth and Vetle Lunde noted in a market preview Tuesday. "We still expect a significant intraday volatility contribution from the Wednesday FOMC, as the market typically reacts with bursts of strongly
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BTC price gets $36K FOMC target as Bitcoin prints 29% ‘Uptober’ gains
Bitcoin (BTC) has seen its highest monthly close since May 2022 after “Uptober” delivered near 30% BTC price gains.BTC/USD 1-month chart. Source: TradingViewMonthly close boosts Bitcoin bull market hopesData from Cointelegraph Markets Pro and TradingView confirms Bitcoin bulls successfully held on to upside into Nov. 1.After navigating a choppy mid-month
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FOMC, BRICS de-dollarization, and the future of crypto
With the BRICS nation exploring de-dollarization to minimize the impact of FOMC policies on the global market, does crypto have a role to play? The Federal Open Market Committee (FOMC) has become synonymous with interest rate hikes and subsequent market upheavals. Its notoriety stems from a decision made in 2022 to
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What volatility? Bitcoin price dismisses FOMC, Mt. Gox with $26.7K dip
Bitcoin (BTC) slipped from $27,000 on Sep. 21 as the dust settled on the latest United States macroeconomic events.BTC/USD 1-hour chart. Source: TradingViewBitcoin: "Rangebound until proven otherwise"Data from Cointelegraph Markets Pro and TradingView showed BTC price strength waning prior to the Wall Street open, down by around 1.5% on the
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Bitcoin price tests $27K support as Fed holds interest rates at FOMC
Bitcoin (BTC) saw snap volatility on Sep. 20 as the United States Federal Reserve maintained interest rates at twenty-year highs.BTC price digests Fed rate pauseData from Cointelegraph Markets Pro and TradingView followed BTC price action as it reacted to the rate decision and accompanying commentary from Fed Chair Jerome Powell.The
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Bitcoin analysis predicts ‘spicy’ BTC price into FOMC as $27K holds
Bitcoin (BTC) held $27,000 into Sep. 20 as the key macroeconomic date of the cryptocurrency trading week arrived.BTC/USD 1-hour chart. Source: TradingViewMarket "set to accommodate" BTC price volatilityData from Cointelegraph Markets Pro and TradingView showed the BTC price focus shifting upward compared to the week prior. Crypto markets showed conviction
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FOMC versus BTC price ‘local bottom’ — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts the new week with optimism as traders greet the first green weekly candle in over a month.BTC price strength appears to be gradually improving after a weak August and start of September, with BTC/USD climbing toward $27,000.A solid weekly close provides the backdrop to what promises to
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Bitcoin price erases FOMC gains as US dollar surges on Q2 GDP print
Bitcoin (BTC) ate away at the prior day’s gains on July 27 as United States macroeconomic data produced a muted reaction.BTC/USD 1-hour chart. Source: TradingViewAnalyst warns of BTC price dipData from Cointelegraph Markets Pro and TradingView showed BTC price strength waning after a brief push to $29,680 into the daily
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FOMC Delivers Expected 0.25% Rate Hike, Bitcoin Holds Steady Above $29,000
The Federal Reserve’s (Fed) decision to raise the Federal Funds Rate (FFR) by 25 basis points to 5.50%, the highest level since February 2021, had little impact on the cryptocurrency market and Bitcoin (BTC), with the event described as “very vanilla” by the Journalist Ted Talks Macro. The FOMC indicated that
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