Bitcoin (BTC) passed $84,000 into the March 19 Wall Street open as markets geared up for the US Federal Reserve interest-rate decision.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Bitcoin, risk-assets lack “tailwinds” into FOMC
Data from Cointelegraph Markets Pro and TradingView showed local highs of $84,358 on Bitstamp.
Risk assets were on edge ahead of the Federal Open Market Committee (FOMC) meeting, with the Fed expected to hold rates steady until at least June, per data from CME Group’s FedWatch Tool.
Fed target rate probabilities (screenshot). Source: CME Group
The nature of subsequent commentary from Fed Chair Jerome Powell was of more concern to traders. Already hawkish, Powell faces pressure from US trade tariffs as inflation markets only just begin to fall.
“Tonight’s FOMC meeting is highly likely hold rates steady. However,