{"id":384471,"date":"2024-02-01T01:30:47","date_gmt":"2024-01-31T20:30:47","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=384471"},"modified":"2024-02-01T01:30:47","modified_gmt":"2024-01-31T20:30:47","slug":"bitcoin-staggers-to-42626-as-market-awaits-fomc-decision","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/bitcoin-staggers-to-42626-as-market-awaits-fomc-decision\/","title":{"rendered":"Bitcoin staggers to $42,626 as market awaits FOMC decision"},"content":{"rendered":"<p>bearish<br \/>\nISLAMABAD: The cryptocurrency market turned bearish on Wednesday as attention remained on the Federal Reserve\u2019s Federal Open Market Committee (FOMC) meeting which will decide about interest rate, with the market capitalization losing 1.7 percent to reach $1.71 trillion. As of 1340 hours GMT, the price of Bitcoin, the world\u2019s oldest and most valued cryptocurrency, slipped to $42,626 with a decrease of 1.3 percent in the last 24 hours. The market capitalization of the biggest crypto has reached $836 billion with this decrease. Bitcoin has been 6.6 percent up in the past seven days. Bitcoin dipped below the $43,000 mark early Wednesday after surpassing this level a day earlier. Should Bitcoin maintain its current price level until the month\u2019s end, it will achieve its fifth consecutive monthly increase, marking the longest streak. This is likely to continue until Bitcoin halving takes place. TLTP<\/p>\n","protected":false},"excerpt":{"rendered":"<p>bearish ISLAMABAD: The cryptocurrency market turned bearish on Wednesday as attention remained on the Federal Reserve\u2019s Federal Open Market Committee (FOMC) meeting which will decide about interest rate, with the market capitalization losing 1.7 percent to reach $1.71 trillion. As of 1340 hours GMT, the price of Bitcoin, the world\u2019s oldest and most valued cryptocurrency, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-384471","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin staggers to $42,626 as market awaits FOMC decision<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/bitcoin-staggers-to-42626-as-market-awaits-fomc-decision\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin staggers to $42,626 as market awaits FOMC decision\" \/>\n<meta property=\"og:description\" content=\"bearish ISLAMABAD: The cryptocurrency market turned bearish on Wednesday as attention remained on the Federal Reserve\u2019s Federal Open Market Committee (FOMC) meeting which will decide about interest rate, with the market capitalization losing 1.7 percent to reach $1.71 trillion. As of 1340 hours GMT, the price of Bitcoin, the world\u2019s oldest and most valued cryptocurrency, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/bitcoin-staggers-to-42626-as-market-awaits-fomc-decision\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-31T20:30:47+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script 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