Bitcoin (BTC) set new one-month highs on the Dec. 14 Wall Street open on a day full of key events for the United States Federal Reserve.
BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBitcoin bullish with stocks into FOMC
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $18,126 on Bitstamp, beating the $18,106 high from the day prior.
U.S. stocks edged higher as markets eagerly awaited feedback from the Fed after the November Consumer Price Index print showed inflation slowing beyond expectations.
Dec. 14 was set to see a decision on rate hikes for the month from the Federal Open Market Committee (FOMC), together with a speech from Fed Chair Jerome Powell.
The latter event tends to spark considerable volatility, with pundits closely scrutinizing Powell’s language for hints about longer-term economic policy.