Bitcoin remained below $76,000 as traders waited for the Federal Reserve’s rate decision on Wednesday, according to Cointelegraph. Market pricing pointed to a 93% probability of a 0.25% rate hike. Against that backdrop, Bitcoin found support around $68,000, marking the key level identified in the report as price action developed ahead of the announcement. Analysis cited by Cointelegraph also discounted the likelihood of a dovish surprise, suggesting markets were not broadly positioning for a more accommodative outcome than expected. The decision remained the immediate focus for Bitcoin traders, with the cryptocurrency holding above the reported support area while staying under the $76,000 level.
Source
Cointelegraph
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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