Bitcoin trades near $80,000 after Fed holds rates, signals possibility of further tightening
Bitcoin traded near $80,000 after the US Federal Reserve held interest rates at 3.75%-4%, while the possibility of further tightening weighed on sentiment. Bitcoin and Ethereum fell 1.51% and 1.99% over 24 hours, respectively. Analysts flagged resistance near $81,500-$82,000, citing weak technical indicators and subdued institutional demand.
Key Takeaways
- Bitcoin traded near $80,000 after the US Federal Reserve held interest rates at 3.75%-4%, while the possibility of further tightening weighed on sentiment.
- Bitcoin and Ethereum fell 1.51% and 1.99% over 24 hours, respectively.
- Analysts flagged resistance near $81,500-$82,000, citing weak technical indicators and subdued institutional demand.
Bitcoin traded near $80,000 after the US Federal Reserve held interest rates at 3.75%-4%, while the possibility of further tightening weighed on sentiment. Bitcoin and Ethereum fell 1.51% and 1.99% over 24 hours, respectively. Analysts flagged resistance near $81,500-$82,000, citing weak technical indicators and subdued institutional demand.
Original Publisher Attribution
This summary was curated from Economic Times.