Bitcoin Soars Above $64,000 Ahead of Fed Rate Decision
Bitcoin surged above $64,000 on Wednesday in Asia hours before the Federal Reserve's rate decision at 2 p.m. ET, according to CoinDesk data.
The broader market was also seeing gains, with Ether up 1.7% to $1,909 and XRP leading the majors at 2.6%.
Most traders expect the Fed to keep its rate at 3.50% to 3.75%, a sixth straight meeting on pause, but about 30% now price a quarter-point hike.