"Bitcoin stabilizes at $26.5K amidst crucial Fed inflation week"
TL;DR Summary
Bitcoin's price settled at $26,500 as the market braced for the upcoming Federal Open Market Committee (FOMC) meeting. BTC experienced a relatively calm weekend after reaching new September highs earlier in the week. Traders observed bid liquidity defending the $26,500 level, while others anticipated a potential dip to $26,100 or a bounce back to $26,600. The FOMC meeting on September 20 is expected to keep benchmark interest rates unchanged, with Bitcoin's reaction to macroeconomic data becoming less volatile in recent times.
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- What date is the next Fed meeting in September? Will they raise interest rates again? msnNOW
- Hsu: Consumers Expect Inflation to Keep Dropping Bloomberg Television
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