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Bitcoin trades near $80,000 after Fed holds rates, signals possibility of further tightening

Picture: The Economic Times

Bitcoin traded near the $80,000 mark on Thursday after the US Federal Reserve held interest rates, signalling the possibility of further tightening. The cryptocurrency was seen trading at $80,139.Over the past 24 hours, Bitcoin and Ethereum fell 1.51% and 1.99%, respectively. Among major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Hyperliquid and Cardano declined by up to 3.79%.Riya Sehgal Research Analyst Delta Exchange said Bitcoin’s post-Fed rally quickly faded, with BTC slipping back below the $80,000 mark after facing strong resistance around 81,500 - 82,000. “Technically, the structure remains weak.

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Continue reading at economictimes.indiatimes.com

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