$BTC Will the FOMC decision push Bitcoin price past $100,000?
Bitcoin price recovery has stalled as focus shifts to the upcoming Federal Open Market Committee interest rate decision.
Bitcoin Bitcoin
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Bitcoin was trading between $95,000 and $96,000 at last check Sunday. That’s up by about 30% from its lowest level in April this year.
The price movement coincided with President Donald Trumo’s claims that trade talks between the US and other countries, including China, were taking place.
In a statement, China’s Commerce Ministry indicated that it was open to talks with the Trump administration, but that tariffs prevented them.
Per the Wall Street Journal, China is also planning to make “a potential fentanyl offer” since Trump frequently used drug trafficking to justify the tariffs.
The upcoming FOMC (Federal Open Market Committee) interest rate decision will be the next key catalyst for the Bitcoin price. This will set the tone for what to expect in the second half of the year.
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