Bitcoin

In anticipation of the upcoming Federal Open Market Committee (FOMC) meeting on the 26th of July, the cryptocurrency market witnessed a lull in volume, with traders and investors anxiously awaiting further clues on the future direction of monetary policy. Among the prominent digital assets, Bitcoin took center stage, leading the pack in what could be described as a weekend of consolidation.Crypto analyst CryptoBusy tweeted that the Bitcoin market saw low volume and consolidation over the weekend as traders awaited the upcoming FOMC meeting:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6c7fb7dac17c4a638bd03178959ac7c5.png">Over the past few days, the market has experienced fluctuations, as evidenced by alternating upward and downward movements depicted by the familiar green and red candlesticks on charts. This volatile pattern, combined with the low trading volume, indicates that market participants are exercising caution and reluctance to make significant moves until after the FOMC meeting, where policymakers might reveal insights into interest rates, inflation, and economic outlook.Despite the market's indecisiveness, cryptocurrency enthusiasts continue to hold a positive outlook, with many believing that Bitcoin is likely to find its footing and break into a new trajectory after the dust settles post-FOMC. The consensus is that the market is consolidated, patiently awaiting the next catalyst to propel it forward.Read full article at<a href="https://cryptotale.org/bitcoins-weekend-guide-market-holds-breath-ahead-of-fomc/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Bitcoin's Weekend Guide: Market Holds Breath Ahead of FOMC

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