See why Bitcoin is in a tight range:
and other financial assets have been on edge in the past few months as investors focus on actions by the Federal Reserve.
The unemployment rate has dropped to a pandemic-era low of 3.8% while the housing market continues to strengthen. Therefore, analysts expect that the Fed will deliver its first interest rate hike since 2018 on Wednesday. Based on the recent statements by the Fed Chair, there is a likelihood that the bank will deliver a 0.25% rate hike.
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