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26.01 / 23:25
Bitcoin price today: Cryptocurrency hovers near $38,000 mark as markets await US Fed decision
Bitcoin price today showed signs of strength along with U.S. equities ahead of the Federal Reserve’s verdict on key interest rate benchmarks. The largest cryptocurrency by market value briefly climbed above $38,000 as of 10:26 a.m. in New York, its highest level since Jan. 21, when a selloff in virtual coins and other risky assets accelerated sharply. Bitcoin price is recovering from a swoon that saw it dip below $33,000 on Monday, more than 50% off its November peak, prompting some analysts to point to $30,000 as a key support level. That’s a threshold Bitcoin hasn’t breached since July.