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Bitcoin price today: Bitcoin rises 12% after Fed meeting

Bitcoin price today:

Bitcoin rises 12% after Fed meeting

Bitcoin Price Today

Bitcoin price today.
Bitcoin does not waste time filtering
short betting with bitcoin price bounce.

Bitcoin prices (BTC) remained high on March 21

after the sudden bounce gave bulls a 12% rise in the price of bitcoin.

The rising price of :

bitcoin is accelerating based on the Federal Reserve's view (FOMC)

Data from Cointelegraph Markets Pro and TradingView showed

a gathering in a narrow range after a dramatic return the day before.

Bitcoin :

responded positively to comments

from the US Federal Reserve where it chose to

retain interest rates at current levels.

After the meeting of the Federal Open Market Committee

or FOMC :

Federal Chairman Jerome Powell suggested it was

appropriate" to implement a cut in interest rates later in the year.

"The Committee does not expect it to be appropriate to reduce the scope of

the target in order to gain sufficient confidence that inflation is sustainably

trending around 2 per cent", an accompanying press release confirmed.

Eventually :

BTC/USD avoided testing support of $60,000 again, instead moving to

$68,000 and completely cancelling its previous losses.

"Today's target: to stay above $65,300,"

wrote a popular trader in

part of his latest analysis on X (formerly known as Twitter).

Do so :

and recover to
the highest levels of the course in
2021 under implementation."

There are expected short-term bet losses during this movement. Data from

CoinGlass source showed total central bitcoin cash in March at $70 million.

Bitcoin ETFs

experience third day of outgoing cash flows

At the same time :

new cash flows from bitcoin funds traded in the United States did not adversely

affect the celebrity. According to recent figures from UK-based investment firm

Farside :

about $261 million left new ETF products on March 20

with most of this cash flow coming from $386 million of bitcoin

confidence managed by the Grayscale Bitcoin Trust (GBTC).

Finally :

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