Bitcoin has been trading within 117,000 USD to 120,000 USD, with expectations of test support at 114,000 USD to 110,000 USD. Current price fluctuations appear minor due to traders cutting risk ahead of Federal Reserve announcements.
A forthcoming White House report is likely to disclose the US government’s Bitcoin holdings, which many see as a step towards stronger government involvement in crypto policy.
With Federal Reserve Chair Jerome Powell expected to keep interest rates steady, Bitcoin has seen a considerable decrease in intraday volatility, suggesting a potential breakout if favorable news arises.
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