BTC Price Analysis: Selling Pressure Resumes Post-Fed Rate Decision

Quick Summary:

On Wednesday, the BTC price showcased low volatility after the US Federal Reserve announced its fifth interest rate decision.

During the Jerome Powell speech, no significant move was observed, but a slight decline remained due to the prevailing bearish momentum.

Fed Holds Rates Steady in July 2024 The U.S.

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Author / Journalist: Sahil Mahadik

Category: Crypto

Markets: India

Topics: Price Analysis Btc Bitcoin Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 20:59:25 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 400 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21876885

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