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Although slightly lower, Bitcoin was little moved in the last 24 hours, up 0.97% to trade at $61,595 at press time.Bitcoin reached a high of $73,798 in March but is trailing traditional investments such as stocks, bonds and gold this quarter. The 200-day moving average, which is currently around $57,738, is being watched as a potential zone of support for the price in the event of further declines.
In the following days, investors and market participants will continue to monitor the Fed's policy decisions closely and their implications for cryptocurrencies.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.