2
Bitcoin (BTC) gave back early gains around Wednesday’s Wall Street open as markets prepared for the US Federal Reserve’s interest-rate decision.
Key points:
- Bitcoin fell around 0.3% on Wednesday after upside volatility failed to sustain past $81,687.
- US stock markets tracked sideways into the run-up to the Federal Open Market Committee’s (FOMC) interest-rate decision and press conference after South Korea’s KOSPI gained 6.6%.
- BTC/USD stalled below its 50-day simple moving average at $81,831, which acted as local resistance.
US stocks tread water as focus turns to Fed chair Warsh
Data from TradingView showed BTC/USD failing to break beyond $81,700, instead reversing to as low as $80,297 on Bitstamp. At the time of writing, the pair was down 0.3% on the day.
US stocks opened flat ahead of the Federal Open Market Committee (FOMC) meeting statement and press conference from Fed chair Kevin Warsh. Markets overwhelmingly expected…
