Bitcoin Consolidates as Fed Starts Two-Day Meeting
Bitcoin (BTC) trimmed some of its losses from earlier in the day on Tuesday as market participants turned their focus to the expected interest rate hike by the US Federal Reserve on Wednesday. At 16:56 UTC, the price of...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin (BTC) trimmed some of its losses from earlier in the day on Tuesday as market participants turned their focus to the expected interest rate hike by the US Federal Reserve on Wednesday.
At 16:56 UTC, the price of BTC stood at USD 39,199, up a mere 0.7% for the past 24 hours and 3% for the past 7 days. Meanwhile, the price of ethereum (ETH) stood at USD 2,604, up 1.5% in a day and 4% in a week....
Read More: Bitcoin Consolidates as Fed Starts Two-Day Meeting
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed
Bitcoin ran from around $64,100 to nearly $70,000 within hours on Aug. 19, once the US Treasury unexpectedly doubled its planned b...
Bitcoin Hits $70,000 as Trump Pushes CLARITY Act, Hyperliquid Surges and $1.4 Billion in Shorts Get Wiped Out
By late trading, Bitcoin was changing hands around $69,200, up approximately 7% over 24 hours after starting the session near $64,...
How crypto turned a 68-point deficit into a market lead as Bitcoin and top altcoins outrun the Nasdaq
Bitcoin trailed the Nasdaq 100 by 68 percentage points over the past year, and it has spent the last 60 days turning that deficit...
Bitcoin Blasts Past $68,000 After US Treasury Doubles Debt Buybacks
Bitcoin Magazine Bitcoin Blasts Past $68,000 After US Treasury Doubles Debt Buybacks Bitcoin blew past $68,000 on Wednesday, jumpi...
Bitcoin price hits $69,500 because US just doubled Treasury buybacks to crush long-term yields
Bitcoin and Ethereum surged above $69,500 and $2,000 on Wednesday after the US Treasury doubled planned buybacks of long-dated gov...
Bitcoin ETF flows jumped by $137 million, but it only recouped a third of recent losses
Farside’s currently reported $137.3 million U.S. spot Bitcoin ETF inflow on Aug. 17 rested heavily on Fidelity, leaving the sessio...