The post Bitcoin News Today : BTC Price Stumbles as Federal Reserve Policy Decision Looms appeared first on Coinpedia Fintech News
Bitcoin experienced a drop in value today as crypto traders watched with anticipation for the Federal Reserve’s next monetary policy decision, which is scheduled to be released tomorrow.
The price of one Bitcoin at this moment is $28,078, which is around a 1.62 percent decline.
Similarly, several other major cryptocurrencies have also experienced a decline.
The Federal Reserve’s monetary policy decisions are of greater significance to the crypto market, as they can affect investor sentiment and influence market trends.
The Federal Reserve is expected to increase borrowing costs by a quarter of a percentage point, which would be the 10th consecutive rate increase since March 2022.
The banking sector is experiencing turmoil, with the collapse of Silicon Valley Bank and the struggle of the First Republic, which was sold to JPMorgan Chase.
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