Bitcoin Holds Firm Above $65K as Fed Decision Looms
Bitcoin has continued to trade above $65,000 as market participants await the US Federal Reserve's interest rate decision and fresh guidance on monetary policy.
The world's largest cryptocurrency has recovered from recent volatility, with prices trading in a relatively tight range over the past 24 hours.
Despite this recovery, Bitcoin remains below its 2021 record high of more than $126,000, down roughly 25% so far this year.
The rebound is supported by improving risk appetite across global financial markets, with investor sentiment boosted after tensions between the United States and Iran eased.
However, attention has now shifted to the Federal Reserve, where policymakers are expected to leave interest rates unchanged at the upcoming meeting.
Investors are focusing on comments from Federal Reserve Chair Kevin Warsh regarding inflation, economic growth, and future monetary policy.