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Fed Meeting Looms as Bitcoin Defies AI Selloff

Guavy AI Editorial Team
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BTC
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Bitcoin has shrugged off recent concerns about artificial intelligence (AI) impacting its price, but the upcoming high-stakes Federal Reserve meeting could determine what's next for the cryptocurrency.

The AI selloff refers to a recent decline in prices of companies involved in AI research and development. However, Bitcoin seems unaffected by this trend, continuing to trade within a relatively stable range.

According to CoinDesk, the upcoming Federal Reserve meeting is expected to have a significant impact on cryptocurrency markets. The Fed's decision will likely influence interest rates and could affect the overall market sentiment.

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