Global Stock News

Bitcoin Rejected at $85K as Macro Pressure Mounts and FOMC Looms: Weekly Crypto Recap

Bitcoin Rejected at $85K as Macro Pressure Mounts and FOMC Looms: Weekly Crypto Recap


The Fed has all the information it requires ahead of next week’s FOMC meeting: will it hike rates again or experts will be right?

It was another interesting week in terms of developments, crypto partnerships, new purchases, and price moves, but the focus has now turned to the Federal Reserve as its next meeting looms.

Recall that the previous business week ended with a nosedive that tanked BTC to under $80,000 for the first time in a month. It came on the heels of both the CPI and PPI showing that inflation remains a major concern. Bitcoin managed to regain some traction on Friday afternoon and Saturday, jumping to $82,800. There was a brief flash crash on Saturday…

Source link

Share this article

Scroll to Top