Bitcoin Reclaims $81K Ahead of FOMC Meeting, M Pumps by 12%: Market Watch

Other notable gainers among the larger-cap alts include ZEC, HYPE, andDOGE. Bitcoin’s price has soared by around $2,000 over the past day as markets are preparing for the second-to-last US Federal Reserve FOMC meeting of the year later today. The altcoins have turned green as well, with ETH nearing $2,400 and XRP reclaiming the key $1.30 support. BTW and PEPE have rocketed once again. BTC Above $81K Ahead of FOMC The primary cryptocurrency faced a sharp rejection precisely a week ago when the bulls managed to push it to a 14-day peak of $85,000. However, that was short-lived, and the asset quickly tumbled by over two grand. The adverse price developments intensified as the week progressed, and BTC was close to breaking below $80,000 by Friday. Although it defended that level at first, the bears ultimately broke past it on Saturday when bitcoin tanked to a 5-week low of $79,100. It tried to rebound on Sunday but was halted at $81,000 and dipped below $80,000 on a couple more occasions. The beginning of the current business week didn’t provide the necessary relief rally, and BTC stood below $80,000 for a while. Interestingly, it shot up earlier today to over $80,000, while the bulls ...