bitcoin ·
Bitcoin Price Bounces as Nasdaq Soars, KOSPI Rebounds, and FOMC Hike Fears Persist
Bitcoin price is recovering toward $81,000, gaining nearly 2% as buyers return ahead of the Federal Reserve's FOMC policy decision.
The rebound followed a difficult stretch for BTC, which recently slipped below $80,000 as rate uncertainty weighed on crypto markets. Bitcoin (BTC)24h7d30d1yAll timeWall Street offered some encouragement, with the Nasdaq Composite climbing 1.18% and the S&P 500 gaining 0.60% on last night's close.
South Korea's KOSPI then surged 6.63% today, reclaiming 6,000 points as semiconductor optimism lifted Asian equities. But the global rebound faces a monetary policy test.
Bulls largely expect the FOMC to hold interest rates steady, while persistent inflation and rising Treasury yields keep the possibility of another hike alive. Bitcoin's next move could depend as much on the Fed's forward guidance as its immediate decision. Bitcoin Price Rises as Nasdaq and KOSPI Rally The latest Bitcoin price recovery comes as technology shares regain momentum across major markets.
Reported by cryptonews.com.
