Bitcoin and the cryptocurrency market are preparing for the Federal Open Market Committee (FOMC) meeting, while Bitcoin’s price remained stable over the weekend. BTC reached a high of $26,880 earlier in the month but has since stabilized around $26,500. Traders noted bid liquidity supporting the market and identified $26,000 as a key support level. The market is awaiting the FOMC meeting on September 20, where benchmark interest rates will be decided. Despite expectations of rates remaining unchanged, some volatility is expected. However, Bitcoin has recently shown less reaction to macroeconomic events.
– Bitcoin’s price remained stable around $26,500 over the weekend.
– Bid liquidity is supporting the market.
– $26,000 is identified as a key support level.
– The FOMC meeting on September 20 will decide benchmark interest rates.
– Bitcoin has shown less reaction to macroeconomic events recently.