At the time of writing, Bitcoin is trading at $42,572, down 2.01% in the last 24 hours.
If the price manages to go below $42,320 then it will likely test $41,970 support level.
Marathon Digital Holdings Chairman and CEO Fred Thiel said on a recent edition of The Pomp Podcast that the impending halving puts Bitcoin in a better position for a greater rate of appreciation. Especially when compared with gold. Also, it should make things more stable when the market isn’t doing well.
In comparison to the gold market, the supply of Bitcoin will expand at a slower rate. According to him, this will significantly affect its pricing. Historically, BTC prices have surged in response to halvings, offsetting the income losses experienced by miners. Nonetheless, Thiel brought attention to the launch of Bitcoin ETFs as well.
All Eyes on FOMC Decision
The much anticipated FOMC decision might set the framework for any subsequent shifts in the cryptocurrency market, so investors are on high alert.
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We współpracy z: https://thenewscrypto.com/bitcoin-faces-brief-correction-as-fomc-decision-looms/
