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Bitcoin Gains Could be Erased After FOMC
Bitcoin price held steady on Wednesday morning, rising to its highest point in over three weeks as investors waited for the latest Federal Reserve interest rate decision. The BTC/USD pair rose to 94,900, up modestly from the November low of 80,500. Bitcoin’s rally happened as investors remained optimistic that the Fed will cut interest rates by 0.25% in this meeting, a move that, in theory, will boost risky assets. The coin also rose as data showed that futures open interest, while much lower than the year-to-date high, rose by 4%, a sign that investors were starting to deploy leverage. Futures open interest rose ... (full story)
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