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Sep 20

Market Wrap: Bitcoin Regains $19K and Ether Rises as FOMC Meeting Nears

Bitcoin (BTC) was up 0.30% on strong daily volume. The price fluctuated widely throughout the day as the largest cryptocurrency by market cap at one point fell below $19,000. A sharp drop of 3.47% took place during the 02:00 UTC (6 a.m. ET) hour but prices reversed course as U.S. markets opened. The decline occurred on six times the average trading volume and implies an overreaction to the downside that was subsequently corrected. There was little in the way of economic data reports that coul...

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