Bitcoin is still stuck in the $38,000 area with sideways movement during the past week. The first crypto by market cap has displayed resilience as traditional finances take a bearish turn.
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At the time of writing, Bitcoin (BTC) trades at $38,400 with 1.1% losses in the last 24-hours.
BTC moving sideways on the 4-hour chart. Source: BTCUSD Tradingview
Tomorrow, the U.S. Federal Reserve (FED) branch Federal Open Market Committee (FOMC) will hold a meeting. Market participants expect the financial institution to announce a more aggressive shift in their monetary policy.
Two months ago, the FED hinted at an increase in interest rates by 25 basis points (bps). Tomorrow the increase could