BTC Consolidates as FOMC Indicates Further Rate Hikes to Come – Market Updates Bitcoin News

BTC Consolidates as FOMC Indicates Further Rate Hikes to Come – Market Updates Bitcoin News

Bitcoin consolidated marginally below $17,000, as market volatility remained high following the recent Federal Open Market Committee (FOMC) minutes. In December’s meeting, the U.S Federal Reserve agreed to maintain hiking rates, with inflation still near historic highs. Ethereum also remained close to recent highs on Thursday.

Bitcoin

Bitcoin (BTC) mostly consolidated on Thursday, as price failed to break out of the key level of $17,000 yesterday.

Following a high of $16,964.59 on…


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