Bitcoin is hovering around the $100,000 mark as traders prepare for the Federal Open Market Committee (FOMC) meeting. The market experienced a 3% correction but quickly recovered, reflecting cautious optimism among investors. The Federal Reserve is expected to keep interest rates steady, but potential hawkish comments from Fed Chair Jerome Powell could impact Bitcoin and other risk assets. Earlier this week, the crypto market experienced turbulence due to news about a Chinese AI model, causing a broad market selloff. However, crypto analysts remain positive about the long-term strength of the market despite short-term volatility. Traders are closely watching Powell's upcoming remarks for insights that could influence Bitcoin's direction and overall market sentiment.



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