Bitcoin Trades Near $76K After Fed Holds Rates as Brent Crude Tops $120

Bitcoin traded near $76,000 after the Federal Reserve left rates unchanged and Brent crude rose above $120 per barrel. The ongoing US-Iran war kept risk appetite weak and pushed Brent to its highest level since June 2022. Nic Puckrin, CEO and cofounder of Coin Bureau, called Jerome Powell’s latest FOMC meeting his most hawkish in years. Puckrin said four Federal Reserve members dissented for the first time since 1992, while BTC held its 21-day simple moving average near $75,500 overnight.

BTC-0.22%
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