Bitcoin started the day with a green light
Bitcoin ended its bearish streak with a 2.14% rise yesterday. Bitcoin, which started the day with a green candle, is priced at $28,620 and is again moving above an important resistance level.
Before the Fed's meeting, which will take place today, the US stock markets made negative closings yesterday, as macroeconomic data remained below expectations and concerns in the banking sector increased. Shares of PacWest and Western Alliance banks also fell sharply yesterday following the acquisition of First Republic Bank. US senators Warren and Sanders called on Fed Chairman Powell to stop interest rate hikes.
Bitcoin to show positive signs
Looking at the US futures indices before the FED decision, there are limited increases. In the crypto markets, after the 1.63% increase in the total market value yesterday, small pullbacks are seen today. The pressure on altcoins continues. RIF, IDEX and RAD, which diverged among altcoins in the last 24 hours, stood out as the most rising altcoins of the day with double-digit gains.
With the continuing concerns in the global economy, the FED is expected to increase the interest rate by 25 basis points to the range of 5.00-5.25%. Then, at 21:30, Powell's speech will be important for the markets. In addition, possible new signals from the FED regarding the monetary policy for the next period will be closely followed. In addition, the ISM service sector index and ADP private employment data in the USA will be announced today.
