Bitcoin price dipping as low as $50,000 ‘cannot be ruled out’ as Fed meeting looms

Bitcoin’s price risks slipping as low as $50,000 on the back of the Federal Reserve’s meeting this week, warns Markus Levin, co-founder of the blockchain company XYO. On December 10, the US central bank is expected to announce whether or not it will cut interest rates. A rate will inject much-needed liquidity into markets and is usually seen as a boon to riskier assets like cryptocurrencies. But even if the Fed cuts interest rates, market signals still suggest that Bitcoin is at risk of crashing even low ...