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Bitcoin Price Recovers 4% After FOMC, Will BTC Hit $109K Next?

source-logo  coingape.com 30 January 2025 09:45, UTC

Bitcoin’s (BTC) initial reaction to the FOMC meeting and the decision not to cut the rate was a short-term selloff. The price dropped to $101,365 but recovered 4.01% and currently trades at $105,249.0. This bounce shows crypto investors are optimistic after the most highly anticipated macroeconomic event is behind them. If this outlook continues, will Bitcoin price revisit the $109K all-time high next?

coingape.com