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Bitcoin poised for breakout ahead of Fed rate meeting - The Crypto Mile Weekly Update

Yahoo UK Finance Video

Bitcoin withdrew from a weekend high of close to $24,000, as crypto investors are cautiously awaiting this Tuesday and Wednesday's US Federal Open Market Committee meeting (FOMC).

If an expected slow down in rate hikes does materialise, a break-out of both bitcoin and ethereum is forecasted by market analysts.

Dogecoin reacted positively after Elon Musk reaffirmed his offer to eat a happy meal on TV if McDonald's accepts dogecoin

At the beginning of last year, when Musk made his first offer, McDonald’s declined.

However, the Twitter account for the fast food corporation replied, “only if Tesla accepts grimacecoin".

Grimace is a fluffy, purple character who tags along with Ronald McDonald in McDonaldland commercials.