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Bitcoin holds below $65,000 as Warsh faces first FOMC test and Strategy concerns linger

Bitcoin holds below $65,000 as Warsh faces first FOMC test and Strategy concerns linger

Hex37's read

  • Bitcoin price remains below $65,000.
  • The Federal Reserve is expected to maintain current interest rates.
  • Inflation is reported near a three-year high.
  • This marks the first FOMC meeting under the new Chair Warsh.

What it means for traders

  • Potential for increased volatility around the FOMC meeting due to rate decisions and inflation concerns.
  • Traders may consider short-term strategies focusing on BTC's reaction to Fed commentary and inflation data.

Affected markets

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