Bitcoin Hovers in Sight of Lowest Level Since 2020 as US Fed Looms
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Cryptocurrency investors waited with bated breath for a US Fed policy decision that likely holds the key to whether Bitcoin can avert a massive drop last seen during the pandemic.
Cryptocurrency investors waited with bated breath for a Federal Reserve policy decision that likely holds the key to whether Bitcoin can avert a drop to levels last seen when the pandemic was raging globally. The largest token was little changed at $19,000 as of 11:44 a.m. in Singapore on Wednesday, while other major coins like Ether, Solana and Avalanche were also steady. A drop of more than 7% in Bitcoin -- something that can happen in a few seconds in digital assets -- would send it back to 2020 prices. Markets could breathe a tempora...