Bitcoin $BTC Price Eyes $70,000 As US Feds Leaves Rate Unchanged
Against expectations, the U.S. Federal Reserve has maintained its interest rate, impacting Bitcoin $BTC prices significantly. Bitcoin is approaching $70,000, buoyed by the Fed's decision to keep rates between 5.25% – 5.50%, contrary to other G7 central banks that recently cut rates. Bitcoin's price fluctuated between $66,190 and $70,100 and is now up 3.22% in 24 hours to $68,785.91. Despite high volatility and a 16.3% drop in trading volume, the Federal Reserve's announcement may drive Bitcoin $BTC to test the $70,000 resistance level.
