The Price Of Bitcoin Is All Over The Place Monday: What's Going On?
Portfolio Pulse from Adam Eckert
Bitcoin (BTC) is experiencing volatility as traders await the Federal Reserve's decision on rates this week. The SEC has filed a court document urging for an inspection of Binance.US, following a lawsuit earlier this year accusing the company of running an unlicensed securities exchange. Bitcoin's price has been fluctuating, breaking above $27,000 before pulling back. The crypto market appears to be reacting negatively to these reports.

September 18, 2023 | 6:48 pm
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NEGATIVE IMPACT
Bitcoin's price is volatile due to anticipation of the Federal Reserve's decision on rates and the SEC's push for an inspection of Binance.US.
The anticipation of the Federal Reserve's decision on rates and the SEC's push for an inspection of Binance.US are causing uncertainty in the market, leading to Bitcoin's price volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100