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Bitcoin Price Hovers Near $80,000 as Traders Await Fed Decision

By Micah Zimmerman

Bitcoin Magazine Bitcoin Price Hovers Near $80,000 as Traders Await Fed Decision Bitcoin price hovers near $80,000 as traders wait on this week’s Fed decision, with geopolitical tensions and Anthropic’s possible IPO adding to the uncertainty. This post Bitcoin Price Hovers Near $80,000 as Traders Await Fed Decision…

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Federal Reserve

The central bank of the United States, which sets US interest rates and supervises banks.

Because the dollar is used worldwide, its rate decisions affect borrowing costs and markets in many other countries.

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Initial public offering

The first sale of a private company's shares to the public, after which the shares trade on a stock exchange.

An IPO raises money for the company and lets early owners and investors sell part of their stake.

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Geopolitics

The way geography, resources and power shape relations and rivalries between countries.

Geopolitical tensions influence trade, energy prices and security around the world.

More about Geopolitics

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