#BTC How Will Bitcoin Price Perform As Oil Jumps 5% Ahead of FOMC Meet This Week
Despite geopolitical risks from the Iran-Israel conflict, Bitcoin price has held steady above $106,000, ahead of the FOMC meeting this week.
Highlights
Bitcoin price holds firm above the top its re-accumulation range hinting strong bullish sentiment.
Analysts anticipate potential market impacts from rising oil prices, which could hit $130 per barrel.
Meanwhile, gold has reached a record high of $3,433 per ounce amid rising geopolitical tensions.
Bitcoin price has been showing strength, holding firmly above $106,000, despite the geopolitical escalation in the Iran-Israel conflict, while oil prices tend to surge further. All eyes will be on the crucial FOMC meeting this week and the Fed rate cut decision. On the other hand, Gold price has hit a record high of $3,433 per ounce, earlier today.
