Bitcoin retreats from $81,700 ahead of Fed decision
Briefing by News4U · First published
Bitcoin rose above $81,000 in Asian trading but later fell back, failing to break its 50-day moving average as traders awaited the Federal Reserve’s rate decision.
Bitcoin rose 2% above $81,000 in Asian morning trading but later retreated, failing to break the 50-day simple moving average at $81,831 and dropping as low as $80,297. [1] [2]
Traders are focused on Federal Reserve Chair Kevin Warsh’s press conference for any signals on a possible December rate hike, with markets pricing a 90.6% chance of no change at Wednesday’s FOMC meeting. [1] [2]
Sources
- Live updates: Bitcoin sheds early gains; Strategy's STRC moves to daily dividends
CoinDesk · · Full text
- Bitcoin price bounce rejected at 50-day trend line ahead of FOMC, earnings
Cointelegraph · · Full text