Bitcoin Breaks $40,000 Ahead of Fed Decision

Welcome to Newsweek‘s cryptocurrency news: in this daily update we will be looking at the movement and outlook for major cryptocurrencies, including Bitcoin, with a technical analysis.

Meanwhile, the Newsweek Cryptocurrency Index has data on 11 currencies, with individual strength comparisons.

Bitcoin (BTC/USD) Outlook

Key Highlights

Bitcoin edged above $40,000 ahead of the Fed’s monetary policy meeting on Wednesday. The U.S. central bank is expected to hike rates by 25 basis points, and markets…


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