By Omkar Godbole
While bitcoin’s dips have found buyers, the cryptocurrency is struggling to clear the important psychological hurdle of $11,000 ahead of the U.S. Federal Reserve’s rate decision due later Wednesday.
- The cryptocurrency found bids near $10,675 during the early Asian trading hours, but faced rejection near $10,940 around 08:00 UTC, according to CoinDesk’s Bitcoin Price Index.
- Bitcoin has failed twice in the past 24 hours to absorb selling pressure just below $11,000.
- At press time, bitcoin is changing hands near $10,850, representing a 0.58% gain on the day.