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Bitcoin Holds $23,000 as Crypto Traders Prepare for Fed Decision What’s Next.
Bitcoin
and other cryptocurrencies slightly lower on Monday, decreasing gains after a protest over the weekend. Cryptocurrency traders await the Federal Reserve’s decision on interest rates on Wednesday, which could be the catalyst for the next big move.
Bitcoin price has dropped less than 1% in the past 24 hours to $23,250, having come close to $24,000 during a weekend spike. The largest digital asset remains at the highest level since last August after a mass rally to start the yearwith Bitcoin up about 40% in a few weeks to erase any losses since Cryptocurrency exchange FTX went bankrupt in November market shakes.