Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – American Wrap 20 September
US Federal Reserve keeps interest rates unchanged, Bitcoin price floats above $27,000
Earlier this year, Federal Reserve Chair Jerome Powell stated that the country would likely only see two more rate hikes until the end of 2023. The last meeting of the Federal Open Market Committee (FOMC) led to the first of the two interest rate increases. While this time around, the interest rate is not expected to see much difference, the same cannot be said about the next meeting.
Bitcoin (BTC) price remains bullish ahead of the US Federal Open Market Committee (FOMC) meeting later today. With investors watching the clock, the next directional bias will depend on what the meeting yields. The Fed interest rate decision could inspire volatility for the king of crypto, considering macroeconomic factors have influenced BTC prices across the year.
Ripple CEO calls out SEC and Chair Gary Gensler, saying, “Everything the SEC cares about, they lost”
XRP price has been holding strong for the past few days despite the token being removed from NYDFS' approved tokens list.
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FXStreet Team
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