3 Things Bitcoin Traders Should Watch in FOMC’s First Meeting of 2021
Bitcoin extended its pullback from its weekly high of $32,960 on Wednesday as the market’s focus shifted on the Federal Open Market Committee’s first meeting of 2021. The flagship cryptocurrency dropped to an intraday low of $30,818, down about 5.5 percent from its opening rate. The appetite for riskier safe-havens weakened against a stronger US […]
Bitcoin expanded its pullback from its week after week high of $32,960 on Wednesday as the market's attention moved on the Federal Open Market Committee's first gathering of 2021. The lead digital currency dropped to an intraday low of $30,818, down about 5.5 percent from its initial rate. The craving for more dangerous places of refuge debilitated against a more grounded US dollar and rising US 10-year Treasury note yields, causing decreases in Bitcoin and gold business sectors. Bitcoin structures a 50-200 demise cross on its 4H diagram in front of the FOMC meeting.