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Bitcoin price wedged into ‘most divided’ FOMC as Iran war spikes oil prices 8%

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Bitcoin price wedged into ‘most divided’ FOMC as Iran war spikes oil prices 8%

Bitcoin traders weathered an oil-price surge and ongoing Asia chip-stock sell-off into the Federal Reserve interest-rate decision.

Bitcoin (BTC) whipsawed around $64,000 on Wednesday as geopolitical and macroeconomic tensions pressured US stocks.

Key points:

Data from TradingView showed BTC/USD halting a local rebound at the Wall Street open, having hit 11-day lows of $62,700 the day prior.

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