Bitcoin clings to 100K ahead of tomorrow’s FOMC meeting

Bitcoin clings to 100K ahead of tomorrow’s FOMC meeting

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Main meals

  • Bitcoin is still above $ 100,000 before the FOMC meeting.
  • Fears of the increasing comments from the President of the Fuel Fuel Cawate, with broader markets showing pre -compensation fluctuations.

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Bitcoin tightly holds to a brand of $ 100,000 while merchants are preparing for the FOOC Open Market Committee (FOMC) tomorrow (FOMC).

After correcting 3 % during the hours of Tuesday afternoon, the distinctive symbol recovered, reflecting cautious optimism between investors before the main policy notes.

Federal Reserve is widely expected to keep interest rates fixed at 4.25 % -4.5 %, with the CME Fedwatch tool Show 97.3 % the possibility of no change.

The markets remain cautious about the potential comments of hawks from the Federal Reserve Chairman, Jerome Powell, who can pressure Bitcoin and other assets of risk.

The encryption market witnessed the turmoil earlier this week, as it decreased by 8 % on Monday morning after news about DibsicA model of Chinese artificial intelligence that showed a similar performance to the GPT-4O of Openai at lower costs.

This announcement sparked a wider sale in the market, wiped out of a trillion dollars in the global market value, as NVIDIA shares decreased by more than 20 % before recovery.

Bitcoin fell to $ 98,000 on Monday before climbing to $ 104,000 early on Tuesday. Digital assets were traded slightly higher than $ 100,000 at the time of the press.

Crusion analyst generation Stuck On the general performance of the encryption market, with emphasizing its long -term strength despite the short -term fluctuations.

“High time frame diagrams look good. FOMC tomorrow, the first one in the new Trump administration. It must be volatile until then, and perhaps it is wise to stay outside LTF plans, ignore volatility.

Traders are watching Powell’s upcoming notes on ideas that can affect the Bitcoin track and the broader market morale.

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