Bitcoin Tests $90,000, Yet Downside Protection Stays Bid Into Fed and Funding Risk

Bitcoin price briefly tested $90,000 on Wednesday, extending a rebound from last week’s sharp sell-off. It comes ahead of the Federal Open Market Committee (FOMC) rate decision later today.

However, analysts warn that the move offers relief rather than resolution as crypto markets brace for a dense cluster of US macro and policy risks.

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Bitcoin Tests $90,000 but Macro and Policy Headwinds Keep Downside Risks in Play

According to QCP Capital’s January 28 Market Colour,…