Will Bitcoin traders ‘sell the news?’ Price stalls at $74,000 ahead of key March Fed FOMC meeting

Bitcoin traders are bracing for a “sell-the-news pattern” that has played out after seven of the last eight Federal Reserve meetings, according to Jonatan Randin, senior market analyst at PrimeXBT. The top crypto jumped above $74,000 ahead of Wednesday’s FOMC, but Randin told DL News that he’s not convinced the rally is a “genuine risk-on signal,” which would have suggested that investors are ready to tap into riskier assets like cryptocurrencies. “Volume behind this push has been thin,” he said. “We ne ...