Bitcoin Holds $105K Before Fed Rate Decision

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Most altcoins are deep in the red today.

The volatile bitcoin price moves continued in the past 24 hours due to the quickly developing situation in the Middle East, but the asset seemed to have calmed at around $105,000.

However, more fluctuations are expected today as the US Federal Reserve concludes its fourth FOMC meeting of the year, although most anticipate no changes in interest rates.

BTC Back to $105K
Israel’s rather surprising attack against Iran last Friday morning caused an immediate turmoil in the cryptocurrency market, as bitcoin slumped from $108,400 to under $103,000 within hours. Although both sides continued to exchange missile blows for the next several days, BTC started to recover some ground over the weekend and even went on the offensive at the start of the current business week.

The culmination transpired on Monday evening and Tuesday morning when the bulls drove the primary cryptocurrency to a multi-day peak of roughly $109,000.

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