Bitcoin and other cryptocurrencies were lower Thursday, having fallen alongside stocks in the wake of the latest Federal Reserve decision on monetary policy. Key economic data due Friday could be a catalyst for another significant move.
The price of Bitcoin has declined 1% over the past 24 hours to below $20,300, having plunged below $20,200 immediately after Fed Chairman Jerome Powell reiterated a hawkish stance from the central bank on Wednesday. The largest crypto looks vulnerable to slip below the key $20,000 level and back into the $19,000 to $20,000 range in which it stagnated for much of September and October.
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