Bitcoin (BTC) retreated from recent highs as traders anticipated volatile moves around the Federal Reserve interest-rate announcement. The price failed to hold above $94,500 as market participants braced for uncertainty. Japan’s bond market volatility looms large post-FOMC reaction, with potential interest rate hikes causing turbulence in the yen carry trade. Market watchers await Fed Chair Jerome Powell’s tone for clues on future policy direction.

Read more at Cointelegraph: Bitcoin Volatility Spikes on a Classic FOMC Trading Day