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Bitcoin hit a new all-time high of over $73,500 but dropped to $65,000, now recovering to over $68,600. Upcoming FOMC meeting and BTC halving could drive another price surge.reached
BTC has recovered some of its losses and is currently trading at more than $68,600. Meanwhile, some upcoming events could ignite another rally for the asset. One example is the Federal Open Market Committee meeting scheduled for March 20. It is a key part of BTC’s anti-inflationary feature that will make the asset scarcer and potentially more valuable in time. Those willing to learn more about it, feel free to check our video below:The popular meme coin – Shiba Inu – also nosedived over the weekend but recorded more impressive comeback that BTC. As of the moment, the self-proclaimed Dogecoin-killer trades at approximately $0.00002876, an 13% increase on a 24-hour scale.
“A break and hold above $0.000081 may only open up room for another +90% upside to $0.0001553,” the analyst concluded.
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