First Mover Asia: Bitcoin Holds Steady Above $29K as Investors Look Toward Next FOMC Meeting

The largest cryptocurrency by market capitalization was recently trading at about $29,500, up roughly 2.2% over the past 24 hours. BTC topped $30,000 at one point, near its earlier week highs but still well off its April peak close to $31,000. Still, investors seem to have forgotten Wednesday’s dramatic seesawing when the crypto dipped to around $27,200 amid a mass liquidation of short and long positions and separate unfounded rumors of bitcoin sales – by the U.S. government and of crypto from failed exchange Mt. Gox – before rebounding.

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• Source: https://www.coindesk.com/markets/2023/04/28/first-mover-asia-bitcoin-holds-steady-above-29k-as-investors-look-toward-next-fomc-meeting/?utm_medium=referral&utm_source=rss&utm_campaign=headlines