Bitcoin (BTC) starts the second week of December above $90,000 as “Santa rally” talk begins. BTC price action focuses on a key resistance area in the low $90,000 region, but traders still see another dip coming. Federal interest-rate decision week hangs over risk assets despite broad consensus that a cut will result. The Fed decision …
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Tag:FOMC
FOMC Interest-Rate Decision, Do Kwon Sentencing: Crypto Week Ahead
The Federal Reserve meets this week to set U.S. interest rates. The Federal Open Markets Committee (FOMC) is likely to reduce the target rate by 25 basis points to 3.50% to 3.75% when it announces its decision on Dec. 10, according to the CME’s Fedwatch tool. Lower rates often tend to encourage investing in riskier, …
Continue reading FOMC Interest-Rate Decision, Do Kwon Sentencing: Crypto Week Ahead
Bitcoin Price Eyes $87K Dip Into FOMC Week
Bitcoin (BTC) fell below $88,000 into Sunday’s weekly close as traders eyed weakness into a major US macro event. Key points: Bitcoin sees snap volatility into the weekly close, dipping close to $87,000. Traders expect weaker BTC price action into the Fed interest-rate decision. Bulls need to keep hold of $86,000, says analysis. BTC price …
Continue reading Bitcoin Price Eyes $87K Dip Into FOMC Week