Bitcoin rebounds above $43,000 as analysts highlight possible rate pause at Fed’s January meeting | Headlines | News | CoinMarketCap
01/17/2024 01:00
Bitcoin's price rebounded on Tuesday, with analysts suggesting the digital asset could be supported by the possibility of a rate pause in the U.S. at …
Bitcoin's price rebounded on Tuesday, with analysts suggesting the digital asset could be supported by the possibility of a rate pause in the U.S. at the Federal Reserve's next meeting at the end of January.
The price of the world's largest cryptocurrency by market capitalization increased by over 1.4% over the past 24 hours, rising to $43,071 at 11:34 a.m. ET, according to The Block's Price Page.
The price of bitcoin has gained by over 1.4% in the past 24 hours. Image: The Block.
Possibility of Fed rate pause
In 15 days time, the Federal Reserve will hold a meeting to decide the central bank's monetary policy direction. According to the CME FedWatch tool, there is a 97.4% chance that the Fed funds rate will remain at its current target range of 5.25%–5.50%.
Bitfinex …