{"id":7659,"date":"2024-09-18T08:40:58","date_gmt":"2024-09-18T08:40:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=7659"},"modified":"2024-09-18T08:40:58","modified_gmt":"2024-09-18T08:40:58","slug":"bitcoin-price-maintains-60k-as-crypto-markets-prepare-for-fomc-meeting-today-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=7659","title":{"rendered":"Bitcoin Price Maintains $60K as Crypto Markets Prepare for FOMC Meeting Today (Market Watch)"},"content":{"rendered":"

After Monday\u2019s brief retracement, bitcoin went on the offensive yesterday, breaking above $60,000 and $61,000 to chart a three-week peak.<\/p>\n

Crypto markets are expected to face enhanced volatility today and tomorrow as the US Federal Reserve is set to meet to discuss a reduction in the key interest rates.<\/p>\n

BTC Sits Above $60K<\/h2>\n

The primary cryptocurrency ended last week on a highly positive note as the bulls drove it from under $58,000 to almost $61,000 on Friday and Saturday morning. Expectedly, it calmed over the weekend but still stood predominantly above $60,000.<\/p>\n

The landscape changed<\/a> for the worse on Monday when the asset fell by over two grand in hours and dropped to $57,500. However, the bulls<\/a> took control once again on Tuesday afternoon by initiating a notable leg-up that drove<\/a> bitcoin to $61,300. This became its highest price tag in three weeks.<\/p>\n

Although it has retraced by over $1,000 since that local peak, BTC is still 2.5% up on the day and remains north of $60,000. More price fluctuations would probably come later today as the US Federal Reserve will hold<\/a> its first FOMC meeting in two months.<\/p>\n

Recall that Fed Chair Jerome Powell hinted last month that the time has come for the central bank to start cutting the interest rates, which will likely have a substantial impact on the entire crypto market.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 18.09.2024. Source: TradingView<\/p>\n

SUI, TAO, IMX on the Run<\/h2>\n

Most larger-cap alts are quite sluggish on a daily scale. ETH, DOGE, BNB, and TRX are slightly in the green, while SOL, XRP, AVAX, TON, SHIB, LINK, and BCH have charted insignificant losses.<\/p>\n

The situation with the mid-cap alts is a lot more eventful. SUI, TAO, and IMX have all soared by 6-8% daily. As a result, SUI trades at $1.2, TAO is close to $320, while IMX is above $1.35.<\/p>\n

The total crypto market cap has gained around $30 billion overnight and sits at $2.170 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post Bitcoin Price Maintains $60K as Crypto Markets Prepare for FOMC Meeting Today (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

After Monday\u2019s brief retracement, bitcoin went on the offensive yesterday, breaking above $60,000 and $61,000 to chart a three-week peak. Crypto markets are expected to face enhanced volatility today and tomorrow as the US Federal Reserve is set to meet to discuss a reduction in the key interest rates. BTC Sits Above $60K The primary […]<\/p>\n","protected":false},"author":0,"featured_media":7660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/7659"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7659"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/7659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/7660"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}