Bitcoin’s Post-FOMC Rollercoaster Continues as NEAR Dumps 8%: Market Watch

Bitcoin slid back toward $80,000 on Wednesday after the Federal Reserve left interest rates unchanged, while most major cryptocurrencies fell and NEAR and Bitcoin Cash each dropped about 8%. The Fed’s decision matched expectations and followed a September rate increase; Chair Warsh said another increase in December was not ruled out. Bitcoin had fallen to $79,100 on Saturday, its lowest in five weeks, then rose to $81,800 after the Fed announcement before retreating to $79,600 within hours. It was last around $80,000, with a $1.61 trillion market value and 60% share of the crypto market. The total crypto market value slipped 1.5% from the previous day to $2.680 trillion, while BTW rose 8% to near $1.90.