Bitcoin has risen nearly 2% to just under $81,000 as traders prepare for the Federal Reserve's rate decision. Major cryptocurrencies have also seen gains, with ZEC leading the way with an 8% increase. Analysts from Galaxy suggest that Bitcoin's bear market ended in June, indicating an accumulation phase that typically precedes price rallies. Traders are closely monitoring for signals of a potential December rate hike, which could impact the cryptocurrency market.
Crypto & BlockchainAI Newsroom
Bitcoin Approaches $81,000 as ZEC Surges 8% Ahead of Fed Decision
This is the reported brief. The desk does not add a separate analysis that was not in the source check.
Original sourcecoindesk.comcoindesk.com
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