Crypto volatility spikes ahead of FOMC meeting as Bitcoin trades near $26,800

From kitco.com

Volatility is on the rise in the crypto market as Bitcoin (BTC) spiked more than $1000 in intraday trading on Monday ahead of the start of the September Federal Open Market Committee (FOMC) meeting, where the Fed will reveal its plan on interest rates moving forward. Stocks trended higher in the early hours, but the momentum faded in the afternoon as traders moved to reduce their exposure to the market ahead of Wednesday's interest rate announcement. While it’s widely expected that the Fed will leave rates unchanged, there are concerns that a recent uptick in inflation could prompt the central bank to raise rates ... (full story)