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Bitcoin stalls at $75K as Fed rate decision, STH profit-taking weigh on price
Bitcoin remained under pressure on Wednesday, falling below $76,000 after the Federal Reserve (Fed) left interest rates unchanged. The Federal Open Market Committee (FOMC) kept the federal funds rate unchanged at 3.50%-3.75%, citing persistent inflation risks amid geopolitical tensions, including the ongoing US-Iran conflict. Although market participants had expected the decision, there were dissenting views from three regional bank presidents. Bitcoin has stalled below major resistance near $79,000, where the True Market Mean aligns closely with the Short-Term Holder (STH) cost basis, according to a Glassnode ... (full story)
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