Add as a preferred source on GoogleBitcoin's Nearly Monthlong Range Faces Oct. 28 Fed Meeting
Bitcoin (BTC) has traded within tight bounds for nearly a month. The Fed chair is scheduled to discuss the potential direction of interest rates at a news conference.
Bitcoin (BTC) has moved within tight bounds for almost a month, a compressed setup ahead of Wednesday's Federal Reserve meeting and a possible rise in crypto-market volatility.
The Federal Open Market Committee (FOMC) is scheduled to meet Oct. 28 at 2 p.m. ET (18:00 UTC). The Fed chair is also scheduled to hold a news conference on the potential direction of interest rates.
Bitcoin's prolonged narrow trading has left its momentum compressed, while crypto-market volatility may increase rapidly during the FOMC period.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.