Bitcoin (BTC) is having a relatively calm weekend as it continues to trade sideways after struggling to build any momentum of note. The flagship cryptocurrency’s muted price performance comes despite the Securities and Exchange Commission delivering good news on mining and ETF inflows in positive territory.
Bitcoin (BTC) steadied itself around the $84,000 mark as momentum waned after Wednesday’s post-FOMC rally. The flagship cryptocurrency remained relatively muted on Friday, and it has registered only a marginal increase over the past 24 hours, trading around $84,300.
Bitcoin (BTC) registered a substantial rally on Wednesday after the Federal Reserve kept interest rates steady between 4.25% and 4.50%. The flagship cryptocurrency surged over 5%, surpassing key moving averages and $85,000 to reach an intraday high of $87,038.
Bitcoin (BTC) surged to a 10-day high, rising over 5% on Wednesday to a peak of $87,038 after the rate-setting Federal Open Market Committee (FOMC) left interest rates unchanged, aligning with market expectations. The flagship cryptocurrency is up over 3% in the past 24 hours and trading at $85,458.
Bitcoin (BTC) has rebounded during the current session as markets recover in the leadup to the US Federal Reserve’s Federal Open Market Policy meeting. The committee is set to announce its latest policy decision at 2 PM IST. With the markets rebounding, the flagship cryptocurrency is up almost 4%, trading at $84,270.
Bitcoin (BTC) plunged into the red after failing to move past the 200-day SMA and the $84,000-$85,000 resistance zone. The flagship cryptocurrency is down over 3% during the ongoing session, struggling to hold above $81,000.
Bitcoin (BTC) has been struggling to break above the 200-day SMA and the $84,000-$85,000 resistance zone. The flagship cryptocurrency has been marginally down over the past 24 hours, trading at around $82,650.
Bitcoin (BTC) ended the week down nearly 2% as it struggles to move past $85,000. The flagship cryptocurrency dipped below $80,000 earlier in the week, falling to a low of $76,985. It rebounded from this level to retake $85,000 as markets bounced on Friday before declining to its current level.
The cryptocurrency market rebounded on Friday as risk appetite returned, lifting prices. As a result, Bitcoin (BTC) jumped from $80,000 to $85,113 before marginally declining and moving to its current level. The flagship cryptocurrency is up over 1% in the past 24 hours, trading around $83,827.
Bitcoin (BTC) is struggling to reclaim $84,000 as price action remains muted despite favorable CPI numbers. The flagship cryptocurrency briefly bounced above $84,000 but lost momentum and dropped towards $81,000. The flagship current is up over 2%, trading just below the $83,000 level.
Subarna is a graduate of Mechanical Engineering. She loves cats, art, and crypto - in that order. She is a passionate writer and a voracious reader.
