
Bitcoin price falls below $38,000 after Fed decision
Other major cryptocurrencies have seen mixed results over the prior day, too.
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Bankrate principal writer and editor James F. Royal, Ph.D. covers investing and wealth management. His work has been cited across major media, including CNBC, the Washington Post, The New York Times and the Associated Press. Royal believes in the power of education to help individuals make smart financial decisions that can positively and significantly improve their lives.
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Other major cryptocurrencies have seen mixed results over the prior day, too.
Much of the cryptocurrency world has rallied after the past few days of declines.
The bounce-back in Bitcoin follows a harrowing weekend that saw the price of the digital currency sharply decline.
Cryptocurrencies have been plummeting over the last 24 hours.
Bitcoin was among many cryptocurrencies that rose Thursday, despite potential challenges.
After finding its way above $42,500 earlier in the day, Bitcoin’s price dipped briefly below the $42,000 level before pushing higher at midday on Wednesday
Bitcoin remains atop the list of most valuable cryptocurrencies by total value but has struggled to start 2022.
The results may be shocking, since every analyst also expected the S&P 500 to rise in 2022.