Posted 1/29/2024, 7:40:38 PM
Bitcoin Jumps Above $43K Ahead of Fed Meeting as Crypto Bulls Anticipate Rate Pause
- Bitcoin and other major cryptocurrencies have jumped in price ahead of the upcoming Fed interest rate decision
- Bitcoin is now trading above $43,000, up 3% in 24 hours and 7% over the past week
- Markets are anticipating the Fed will likely keep interest rates unchanged at this week's FOMC meeting
- If Fed Chair Powell hints at potential rate cuts in March, Bitcoin prices could continue rising
- U.S. stocks have already had a strong month, with crypto prices often moving in line with equities