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All Eyes on Fed Reserve Rate Announcement, as Bitcoin Fights for $11K

All Eyes on Fed Reserve Rate Announcement, as Bitcoin Fights for $11K – CoinDesk

While bitcoin’s dips have found buyers, the cryptocurrency is struggling to clear the important psychological hurdle of $11,000 ahead of the U.S. Federal Reserve’s rate decision due later Wednesday. The cryptocurrency found bids near $10,675 during the early Asian trading hours, but faced rejection near $10,940 around 08:00 UTC, according to CoinDesk’s Bitcoin Price Index.