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FOMC Decision Looms as Bitcoin's Price Teeters on Edge

Guavy AI Editorial Team
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The Federal Open Market Committee (FOMC) is set to announce its policy decision today at 2:00 p.m. ET, and Bitcoin's price action has been closely tied to market expectations.

Despite the uncertainty surrounding the outcome, markets have already priced in a hold decision by the Fed, but the tone of the announcement could still have a significant impact on Bitcoin's price.

BTC is currently trading at $64,250, up 1% in the past 24 hours, but analysts are warning that if Bitcoin fails to reclaim the $65,000 level soon, it could drop to $62,000-$62,500.

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