Bitcoin Trades Above $81,000 as Traders Await Fed Rate Decision
Bitcoin traded above Bitcoin nears $81,000 ahead of Fed decision as ZEC jumps 8%.
ahead of the Federal Reserve’s interest-rate decision, scheduled for 2 p.m., according to CoinDesk and MarketWatch.
Decrypt reported that traders view a rate hold as near certain. CNBC noted that Fed Chairman Kevin Warsh has broken from the central bank’s traditional practice of forward guidance, keeping investors and economists guessing about the path ahead.
CoinDesk reported that the privacy token ZEC jumped Bitcoin nears $81,000 ahead of Fed decision as ZEC jumps 8%.
and that pepe rose Bitcoin rebounds above $81,000 as Asian chip rally spills into crypto, pepe jumps 9%.
, with the broader crypto rally tied in part to a rally in Asian semiconductor stocks spilling into digital-asset markets. CoinDesk’s live coverage showed bitcoin and other major tokens climbing in tandem as the decision approached.
Markets are positioning for the Fed’s announcement, with CNBC outlining strategies for investors looking to position ahead of the outcome given the lack of explicit signaling from Warsh.
Sources: CNBC, CoinDesk, MarketWatch, Decrypt
This article is for information only and is not financial advice.
What the market did
Each figure is this site’s own reading, with what it was measured against. A blank is a reading nobody took, not a zero. The before-the-headline window prints the rate a RANDOM hour clears the same bar, because a hit rate without its null is not a finding.
