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bitcoin
Bitcoin (BTC) $ 94,638.36 0.29%
ethereum
Ethereum (ETH) $ 1,786.79 0.81%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.29 0.97%
bnb
BNB (BNB) $ 604.31 0.01%
solana
Solana (SOL) $ 147.47 1.21%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.178471 1.83%
cardano
Cardano (ADA) $ 0.70292 1.19%
tron
TRON (TRX) $ 0.247747 0.32%

First Mover Americas: Bitcoin Traders Await Fed’s Decision

Bitcoin continued to hover at around $28,000, up slightly on Wednesday, although some traders see the price going up to $30,000 or falling to $25,000 on positive or negative momentum depending on what the Federal Reserve announces about interest rates. Analysts expect the Fed to raise rates by a quarter-point. according to the CME FedWatch tool. Edward Moya, senior analyst at foreign-exchange trading firm Oanda, said momentum flows could support a 5% move in either direction. “If the Fed doesn’t spark a rally, bitcoin could settle closer to the $25,000 region.” Mike McGlone, senior commodity strategist at Bloomberg, said that there could be a “super-cycle” happening in crypto. “Bitcoin beating gold, the top-performing old-guard commodity in 2023 to March 20, by almost 10x may be indicative of a super cycle happening,” he tweeted.

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