Crypto Market Volatility Persists as Prices Falter Below $80K

Monday 17th of March 2025 21:00:15

Bitcoin Stalls at $84,000 Ahead of FOMC Meeting, Analyst Warns of Another Leg Down for Crypto

Bitcoin's price has stalled at around $84,000 ahead of the Federal Open Market Committee (FOMC) meeting, with some analysts warning of another leg down for the cryptocurrency.

The FOMC meeting, which is set to take place on Wednesday, is expected to have a significant impact on the global financial markets. The committee is likely to raise interest rates, which could lead to a strengthening of the US dollar and a decline in the value of bitcoin and other cryptocurrencies.

Despite the recent rally, bitcoin's price has been unable to break above the $85,000 level, with many analysts warning that the cryptocurrency is due for a correction. The current price level is still significantly higher than the levels seen in the early stages of the pandemic, but it remains to be seen whether the cryptocurrency can continue to rally in the face of rising interest rates.

"The FOMC meeting is likely to have a significant impact on the cryptocurrency markets," said Alex Krüger, a market analyst. "With interest rates set to rise, we could see a decline in the value of bitcoin and other cryptocurrencies. It's possible that we could see another leg down for crypto in the coming days."

The FOMC meeting is not the only factor that could impact the price of bitcoin. The cryptocurrency's price is also influenced by a range of other factors, including the level of adoption, the regulatory environment and the overall state of the global economy.

Despite the potential risks, many investors remain bullish on the cryptocurrency, with some even seeing the potential for a new all-time high in the coming months. However, others are more cautious, warning that the cryptocurrency is due for a correction and that investors should be prepared for a decline in the value of their investments.

The FOMC meeting is set to take place on Wednesday, with the committee's decision expected to have a significant impact on the global financial markets. The meeting is likely to be closely watched by investors and analysts alike, with many expecting the committee to raise interest rates in order to combat inflation.