Bitcoin’s $65,000 rebound looks like a relief rally, but Wednesday’s Fed decision could turn it into a trap

According to CryptoSlate, Bitcoin's increase to approximately $65,000 is viewed as a temporary relief rally amid easing geopolitical tensions and fluctuating oil prices. However, the upcoming Federal Reserve decision could significantly impact market sentiment, with a one-in-three chance of a rate hike posing risks to cryptocurrencies. Traders are currently reducing their near-term downside protection, highlighting ongoing uncertainty in the market. Read the full story at CryptoSlate . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.