Bitcoin Reclaims $21K Ahead of FOMC Interest Rate Announcement (Market Watch)

After yesterday’s price dip below $21,000, bitcoin regained some traction and reclaimed that level. Most altcoins have also turned green today, with MATIC and Ethereum Classic standing out as the most impressive performers.Following last week’s multi-month high of over $24,000, the primary cryptocurrency started to head south on news that Tesla had sold most of its BTC holdings in Q2.

Despite reclaiming some ground at first and entering the weekend at almost $23,000, the bears were in control and drove the asset down once again. The first major price drop came on Monday morning when bitcoin slumped to $22,000.below $21,000 to mark a weekly low. BTC reacted well to this drop, at least for now, and currently stands a few hundred dollars above that line.

However, the asset is most likely prone to experience enhanced volatility later today as the Fed is expected to raise interest rates once more, with some

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