Bitcoin drops below $21.8K realized price as FOMC spooks markets

Bitcoin drops below $21.8K realized price as FOMC spooks markets


Bitcoin (BTC) stuck to its realized price just below $22,000 on July 25 as Wall Street opened with a flat performance.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin gives up more key levels

Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it consolidated after falling from $23,000 overnight.

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The pair echoed equities in cool trading prior to the July 27 United States Federal Reserve decision on interest rates. Analysts were expecting several days of volatility, and despite buyer interest in Bitcoin being strong below spot price, everything could still change.

No guarantee any support holds after Wednesday’s #FED announcement, but for now #FireCharts shows a ladder of #Bitcoin bids around these next technical support levels. https://t.co/Ng2Rqc0Op7 pic.twitter.com/W6veJMS2YJ

— Material Indicators (@MI_Algos) July 25, 2022

“Big week ahead for the

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