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Forex

Bitcoin Stalls Near $63K Ahead of Federal Reserve Rate Decision

Guavy AI Editorial Team
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Bitcoin's price hovered near $63,000 on Monday as investors awaited the Federal Reserve's rate decision. The cryptocurrency traded at around $63,336.

In the past 24 hours, Bitcoin and Ethereum rose by 0.53% and 0.75%, respectively. Tron, Hyperliquid, and Dogecoin saw significant gains of up to 2.81%, while BNB, XRP, Solana, and Cardano fell by as much as 1.48%.

Experts say the Fed's guidance on borrowing costs could influence market liquidity, the US dollar, and investor appetite for riskier assets like Bitcoin. A clear move above $63,300 could strengthen bullish momentum and support a recovery toward higher levels.

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