HomeUncategorizedBitcoin limps into FOMC as flagging volume adds to BTC price hurdles By Cointelegraph

Bitcoin limps into FOMC as flagging volume adds to BTC price hurdles By Cointelegraph

May 3, 2023

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© Reuters.

(BTC) hit daily lows at the May 3 Wall Street open as markets counted down the hours to the Federal Reserve interest rate decision.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $28,152 on Bitstamp, down 2.2% from the day’s highs.

Fed target rate probabilities chart. Source: CME Group (NASDAQ:)
BTC/USD annotated chart. Source: Daan Crypto Trades/Twitter
BTC/USD annotated chart. Source: Justin Bennett/Twitter