The post Bitcoin Price at Risk of Volatility Amid Fed Rate Uncertainty appeared on BitcoinEthereumNews.com.

Bitcoin price hovers near $102,000 after a recent downturn, with investors anticipating potential turbulence. The Federal Reserve’s upcoming interest rate decision and the Federal Open Market Committee (FOMC) statement could trigger volatility. Market participants closely monitor the Fed’s stance, as any hawkish signals may pressure Bitcoin and other risk assets in the short term. Bitcoin Price Swings as Fed Interest Rate Decision Looms Bitcoin price volatility is expected as the Federal Reserve prepares to announce its interest rate decision on Wednesday. Markets widely anticipate no rate changes, but investors remain cautious about potential surprises.   Federal Reserve Chair Jerome Powell’s press conference will be closely monitored for insights into the central bank’s monetary policy outlook. A cautious stance from Fed officials could strengthen the U.S. dollar, potentially pressuring risk assets like Bitcoin.   Traders also focus on the FOMC meeting, which began on Tuesday. The outcome could impact market sentiment, especially for the price of BTC. This marks the first interest rate decision since Donald Trump took office, adding further significance to the event. Any signals of future policy adjustments could drive short-term fluctuations in Bitcoin’s price. As uncertainty looms, market participants brace for potential volatility in digital assets and broader financial markets. Bitcoin Reserves Drop Bitcoin exchange reserves have significantly declined during its ongoing bull run, driving prices higher. The drop, evident in recent charts, shows a reduction in Bitcoin supply held on exchanges. This trend supports increased scarcity, boosting the cryptocurrency’s market value. The relationship between falling reserves and rising prices highlights a key dynamic influencing Bitcoin’s recent surge. Source- CryptoQuant BTC Price Holds at $102k as Market Awaits FOMC Decision As of Wednesday, the BTC price hovers at $102,639, reflecting a 1% decrease in the past 24 hours. The global crypto market cap stands at $3.46 trillion, marking a…

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Filed under: News - @ January 30, 2025 5:22 am