Analyst: Bitcoin falls slightly before the release of the Federal Reserve's decision.
As investors showed caution towards risky assets before the announcement of the Fed policy decision, Bitcoin experienced a slight drop. Data from the London Stock Exchange Group shows that the market was almost fully expecting interest rates to remain unchanged, but the focus was on the future policy stance of the new Fed Chair, Kevin Warsh. Analysts at Deutsche Bank stated in a report that Warsh may lean towards a middle ground position of the Federal Open Market Committee, neither advocating for rate cuts nor ruling out the possibility of hikes. Meanwhile, Iranian Foreign Minister Abbas Araghchi stated that reaching a peace agreement with the United States depends on Israel withdrawing from Lebanon, without this, the war will not fully end. Data from the London Stock Exchange Group shows that Bitcoin fell 0.4% to $65,522.
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