Bitcoin price feels FOMC friction as trader eyes trip to mid-$50K zone

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Bitcoin bulls have little to fear even if BTC price weakness produces deeper lows, says new analysis.

BTC price risks mount into a classic risk-asset hurdle, but optimistic analysis sees room for a deeper correction still preserving the Bitcoin bull market.) headed closer to $60,000 at the March 19 Wall Street open as BTC price weakness showed no signs of fading.The largest cryptocurrency encountered fresh selling pressure immediately after the daily close, dropping by almost 8% on the day.

Others included news that Japan’s central bank had raised rates for the first time since 2007, as well as outflows from the Grayscale Bitcoin Trust , the daily tally for which

 

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