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Fed Meeting vs Crypto??LIVE Jerome PowellThe bitcoin price broke $27, as crypto investors anticipated the Fed's latest interest rate decision. Author: Peter Chawaga. Bitcoin's price increased by almost 3% on Wednesday as the Federal Reserve held interest rates at the current range of %%, as expected. This study analyzes if the FOMC and macroeconomic announcements affect Bitcoin prices. Various studies have been actively conducted as the cryptocurrency market.