Bitcoin is trading little changed after a jittery reaction to today’s FOMC meeting. Prices first fell from $455 to a low of $447.13 ten minutes after the announcement. But from here we quickly rallied to a high of $460 flat, only to sell off again to the $455 handle. We are currently quoted at $455.53 dollars per coin.
Bitcoin rarely reacts to news in traditional financial markets. The only major reaction I can think of at the top of my head would be this 8 percent crash back in July after the Greek bailout deal was announced. In the lead-up to the crash it was speculated that the bitcoin rally was due to ongoing drama in the Greece/EU negotiations. But that sell-off could’ve just as easily been due to panicked traders who bought into the media narrative.
http://www.forexnews.com/blog/2015/12/16/bitcoin-flat-after-jittery-fomc-reaction/
Topic: [2015-12-16] Bitcoin Flat After Jittery FOMC Reaction (Read 238 times)
Jump to: