The post Bitcoin Turns Bearish As FOMC Meeting Approaches! BTC Price To Record Similar Trend? appeared first on Coinpedia Fintech News
With the Federal Open Markets Committee (FOMC) of the U.S. Federal Reserve meeting scheduled for the 11th and 12th of June, the cryptocurrency market has displayed a strong bearish price action over the past two days. Notably, there have been 4 FOMC meetings in 2024 and before every meeting, the crypto market has recorded a dump, with Bitcoin (BTC) price recording a correction of up to 10% before the meeting and recovering all losses on the FOMC day. Will the market experience a similar trend during this meeting?