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BTC/USD: Cautiously Optimistic Ahead of Fed Decision
Bitcoin price held steady above $115,000 as investors embraced a risk-on sentiment ahead of the Federal Reserve interest rate decision. The BTC/USD pair rose to 116,298, up by 11% from its lowest point this month. Bitcoin’s jump coincided with the performance of the stock market, with the main US indices like the S&P 500 and Nasdaq 100 indices soaring to their all-time highs. At the same time, gold, which has become a popular safe-haven asset, dropped below the important support level at $4,000 for the first time in weeks. Bitcoin and other cryptocurrencies rose after Chinese and American officials inked a ... (full story)
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