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Bitcoin Dropped Below $36,000, Fed Keeps Rates Unchanged

(Last modified: Dec 19, 2023)

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Bitcoin prices were very volatile today as U.S. Federal Reserve kept interest rates unchanged. After making a run towards the $40,000 resistance yesterday, bitcoin dropped below $36,000 today. From the technical point of view, today’s candlestick formed a doji, meaning neither bullish nor bearish prices. Prices likely continue to be volatile as traders await the Fed hike announcement in March.

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