Bitcoin Heads For FOMC Day With 24-Hour Highs Amid Concerns Over $24.3K Top
Fed keeps markets on edge as Bitcoin price action manages to edge higher ahead of Wall Street open .
Market Update
Bitcoin (BTC) attempted to recoup losses on July 27 as a big day of reckoning arrived for risky assets.
BTC/USD 1-Hour Candle Chart ( Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView confirmed a 24-hour high for BTC/USD ahead of Wall Street's July 27 open.
The pair had fallen below $21,000 during the first part of the week, which heightened nervousness among traders already wary of potential headwinds from the US Federal Reserve.
Likely hatch for stocks entering the FOMC which expected $BTC and crypto to also hatch today pic.twitter.com /GDj0GwlDXy
— Rager (@Rager) July 26, 2022July 27 is due to reveal the next Federal Open Markets Committee (FOMC) base rate hike, with expectations fluctuating between 75 and 100 basis points, but favoring the former. Both, however, are probably unfavorable to cryptocurrency...
Fed keeps markets on edge as Bitcoin price action manages to edge higher ahead of Wall Street open .
Market Update
Bitcoin (BTC) attempted to recoup losses on July 27 as a big day of reckoning arrived for risky assets.
BTC/USD 1-Hour Candle Chart ( Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView confirmed a 24-hour high for BTC/USD ahead of Wall Street's July 27 open.
The pair had fallen below $21,000 during the first part of the week, which heightened nervousness among traders already wary of potential headwinds from the US Federal Reserve.
Likely hatch for stocks entering the FOMC which expected $BTC and crypto to also hatch today pic.twitter.com /GDj0GwlDXy
— Rager (@Rager) July 26, 2022July 27 is due to reveal the next Federal Open Markets Committee (FOMC) base rate hike, with expectations fluctuating between 75 and 100 basis points, but favoring the former. Both, however, are probably unfavorable to cryptocurrency...
What's Your Reaction?
