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.
Bitcoin (BTC) slumped below $82,000 as trade tensions continued to weigh heavy on market sentiments. The flagship cryptocurrency briefly spiked above $84,000 after the CPI report showed softer-than-expected inflation numbers. However, it could not sustain momentum and dipped back towards $83,000.
Bitcoin (BTC) regained ground and surged past $84,000 as inflation data revealed a sharper-than-expected decline, reinforcing hopes the Federal Reserve would ease monetary policy sooner than expected.
Bitcoin (BTC) bounced back above $80,000 despite facing volatility and selling pressure. The flagship cryptocurrency dipped to a low of $76,365 before recovering to its current level.
Bitcoin (BTC) continued to decline over the weekend as volatility and bearish sentiment persisted after President Donald Trump’s executive order to create a strategic Bitcoin reserve disappointed investors. Uncertainty caused by trade tariffs on Canada and Mexico and the risk of a trade war with China also impacted investor sentiment.
