Bitcoin reached a new year-to-date high of $28,865 prior to the FOMC meeting this afternoon. However, it then proceeded to lose both the $28,000 and $27,000 psychological support falling 7.2% in two hours.
Over $224 million has been liquidated from the crypto markets over the past 24 hours, with $170 million in the past four hours alone.
As of press time, Bitcoin appears to be holding around $26,800, which has created a $2,065, or 8%, spread for the day.
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Author: Liam ‘Akiba’ Wright
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