Bitcoin dominance surges to 4-year high ahead of FOMC, analysts warn of potential volatility
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Planet Daily News: Before the Federal Open Market Committee (FOMC) meeting, Bitcoin (BTC) dominance broke through 65%, reaching a new high since January 2021, indicating strong risk-averse sentiment. Analyst JOE Kruger believes the market is waiting for key catalysts such as the FOMC resolution. Vetle Lunde, research director at K33, predicts significant price volatility may occur after the FOMC meeting, given Bitcoin's recent extremely low volatility. He noted that the current negative perpetual contract funding rate might provide a buying opportunity for investors. (CoinDesk)
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