Bitcoin’s Post-FOMC Rollercoaster Continues as NEAR Dumps 8%: Market Watch

BCH has nosedived as well, while BTW is up by over 8%. Although the US Federal Reserve’s decision to keep rates steady was in line with expectations, BTC’s price still experienced some major fluctuations, with the latest being a drop below $80,000. The altcoins have dived in the Red Sea today, with almost all posting notable losses, led by BCH and NEAR. BTW, though, has defied the overall trend again. BTC Slides to $80K After last Wednesday’s rejection at $85,000, bitcoin went into a major correction on the lower timeframe, dumping to $83,000 within hours and to $81,000 by Thursday. The bearish sentiment prevailed in the following days again and culminated on Saturday with a price drop to $79,100 – BTC’s lowest level in five weeks. Although the cryptocurrency tried to rebound by the end of the weekend, it couldn’t really move past $80,000 for long. It finally started to regain serious traction on Tuesday and Wednesday morning, when it surged to $81,700 ahead of the second-to-last FOMC meeting for the year. The Federal Reserve’s decision came with little surprise for the markets, as the central bank maintained rates after hiking them in September. Fed Chair Warsh didn’t rule out ano...