Bitcoin Magazine Bitcoin Price Crashes to $112,000 Ahead of Fed Decision, Markets Eye U.S.-China Talks

Bitcoin price continued its semi-green week for a bit today trading above $115,000 today and briefly reaching $116,077. Since then, bitcoin’s price has dumped to the mid $112,000s, according to Bitcoin Magazine Pro data.

This bitcoin price movement comes as traders weigh the Federal Reserve’s upcoming interest-rate decision and renewed optimism in the U.S.-China trade relations.

Data from Bitcoin Magazine Pro showed a 1.6% daily gain for BTC before the dump in late afternoon.

Despite historical trends of Bitcoin pulling back ahead of major U.S. economic events, the cryptocurrency held steady ahead of Wednesday’s Federal Open Market Committee (FOMC) meeting, where a 25-basis-point rate

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