BTC price volatility begins ahead of key US macro pointers from the Federal Reserve, with traders hoping that Bitcoin will sweep liquidity lower in its range.
Bitcoin (BTC) saw volatility at the July 31 Wall Street open as markets braced for United States macro events and the monthly close.
Data from Cointelegraph Markets Pro and TradingView showed daily highs of $66,814 on Bitstamp ahead of the Federal Reserve’s decision on interest rate changes.
Markets do not expect the Federal Open Market Committee (FOMC) to alter rates until September, data from CME Group’s FedWatch Tool confirms, but it is subsequent commentary from Fed Chair Jerome Powell on traders’ radar.
