Bitcoin Expected to Stay Around $30K During Fed Blackout Period
07/17 11:20
Bitcoin started the week with a decline, but there are indicators that suggest it could see upside in the coming days. Last week, Bitcoin experienced extreme gains and losses as traders weighed a weaker US inflation print against Ripple's partial win against the SEC. Altcoins under the SEC's regulatory radar posted better profits than Bitcoin, including Cardano, Solana, and XRP itself. The Fed blackout period leading up to its rate decision may keep the BTC price flat, but a bounce from $29,850 could have traders eye a run-up toward $31,500.
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