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Bitcoin Price Settles at $105K Ahead of US Fed’s Interest Rate Decision Today (Market Watch)
The cryptocurrency market is in a state of flux as the Bitcoin price has stabilized around $105,000 ahead of the highly anticipated US Federal Reserve interest rate decision today. The sudden and unexpected attack by Israel on Iran last Friday morning sent shockwaves throughout the global financial markets, causing the bitcoin price to plummet from $108,400 to under $103,000 within a few hours. Despite the initial turmoil, Bitcoin managed to recover some ground over the weekend and even experienced a brief surge to a multi-day peak of roughly $109,000 on Monday evening and Tuesday morning. However, this upward momentum was short-lived as the asset faced immediate rejection at that point and plummeted once again.
In recent developments, Trump has issued threats against Iran, further fueling speculation and uncertainty in the market. Following these events, Bitcoin sank beneath $103,500 yesterday before bouncing back to its current level of just under $105,000.
As investors await the US Fed’s decision on interest rates, volatility is expected to increase dramatically today.
Source: cryptopotato.com
