Bitcoin traded in a choppy price range on Wednesday as traders reacted to the U.S. Federal Reserve’s plans to taper its $120-billion-a-month in bond purchases.The unprecedented amount of buying by the Fed as part of its monetary stimulus plan known as quantitative easing (QE) provided a tailwind for financial assets, such as cryptocurrencies, deemed by the market to be risky. … [Read more...] about Market Wrap: Bitcoin Holds Above $60K After Fed Taper Announcement
Taper
Federal Reserve to Taper Money Printing That Fueled Bitcoin Bets
“The committee judges that similar reductions in the pace of net asset purchases will likely be appropriate each month, but it is prepared to adjust the pace of purchases if warranted by changes in the economic outlook,” the Fed’s monetary policy committee, known as the Federal Open Market Committee, or FOMC, said in the statement. Source link … [Read more...] about Federal Reserve to Taper Money Printing That Fueled Bitcoin Bets