FOMC Meeting Looms: What Could It Mean for Bitcoin Price?

The market is gearing up for the Federal Open Market Committee’s (FOMC) meeting on June 18th, and uncertainty looms large over the cryptocurrency market. With increased trading volume volatility due to this anticipation, Bitcoin price has experienced a drop of approximately -2% in 24 hours, settling at $104,000. Many anticipate a potential pause by the FED, which could signal a hawkish stance for the crypto market in the short term, resulting in a temporary pullback. Let’s explore the potential impact on Bitcoin price this upcoming week.