Rate Hike Likely as FOMC Begins Latest Monetary Policy Deliberations, but BTC Seems Unmoved

Rate Hike Likely as FOMC Begins Latest Monetary Policy Deliberations, but BTC Seems Unmoved



Crypto markets have been curiously resistant to the latest macroeconomic utterances. With a few blips, bitcoin has been trading in a range between $29,000 and $31,500 for much of the past two months. It was recently changing hands at $29,100, down more than 3% over the past 24 hours. “It will take a fresh catalyst to excite bitcoin traders,” Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in a Monday note.



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