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Cryptocurrencies Price Prediction: Bitcoin, Fed & Tokens – American Wrap 20 March

Cryptocurrencies Price Prediction: Bitcoin, Fed & Tokens – American Wrap 20 March
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price reclaims $65K as Fed still considers three rate cuts this year

In the March Federal Open Market Committee (FOMC) meeting, the Federal Reserve (Fed) announced that it would keep its benchmark interest rate unchanged in the range of 5.25%-5.50%. This is the highest level in two decades and was kept unchanged for the fifth consecutive time in line with market expectations.
Bitcoin (BTC) price is cutting down on some of the gains made over the past few days, skewing the bullish sentiment seen among altcoins. The weakness seen in the BTC market caused an untimely halt to both AI and meme coin sector rallies.
Reddit-related tokens r/CryptoCurrency Moons (MOON) and r/FortNiteBR Bricks (BRICK) are rallying sharply on Wednesday, ahead of Reddit's (RDDT.N) Initial Public Offering (IPO), which has been reported as oversubscribed.
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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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