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Bitcoin price dip may end Wednesday as Bitfinex bids hint at Fed 'buy the news' plans
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Bitcoin (BTC) could see its last day of downside as buyers line up to cash in on Wednesday’s Federal Reserve meeting.
On Dec. 14, bids began increasing on major exchange Bitfinex in a conspicuous sign that the market believes BTC/USD is destined to gain.
The Fed will deliver key information on the future of asset purchases — a form of quantitative easing (QE) — as well as inflation at the meeting, and bets are rising about the knock-on impact for both crypto and traditional markets.
Data from Bitfinex’s order book suggests that Bitcoin traders are eyeing an opportunity to “buy the news.”
Bitfinex laying down bidsRetail selling into the lows ahead of FOMC Meeting with funding negative across the boardFeels like we're going to get a Buy The News
Read more on cointelegraph.comAbout this in other media
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YFI, HXRO and AR post gains even as Bitcoin price dips to $45.5K cointelegraph.com /2 years ago
Analyst lists 21 factors calling for Bitcoin price upside — But just 4 bearish signals cointelegraph.com /2 years ago
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