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JUST IN: A key day for Bitcoin is approaching this week.
On Wednesday, the US Federal Reserve will announce whether or not there will be interest rate cuts.
The market seems optimistic, with Bitcoin having reached over $74,000.
The prevailing expectation is that interest rates will remain unchanged.
On Wednesday, March 18, following the meeting of the Federal Open Market Committee (FOMC), the US Federal Reserve (Fed) will announce its decision on interest rates.
This is a key factor for the price of Bitcoin (BTC) in the short term, keeping the market on edge.