Bitcoin Eyes Price Explosion as Traders Assess FOMC Policy Update

Bitcoin was catching a breath on Thursday after staying in a parabolic uptrend this week on the backs of favorable risk-off mood.
The benchmark cryptocurrency stabilized near $9,300 during the Asian and European trading sessions, helped by persistent worries of the Coronavirus outbreak in China and other parts of the world. As of 11:33 UTC, bitcoin was trading at $9,305.08, down 1.26 percent from its intraday high.
It was still up by 0.19 percent on an adjusted-daily timeframe.
Bitcoin maintaini