Bitcoin holds near $84k ahead of Fed decision

The price of Bitcoin rose slightly on Monday, amid cautious investor sentiment ahead of the U.S. Federal Reserve's interest rate decision expected this week. The largest cryptocurrency rose 0.4% after falling more than 1% last week.

Analysts note that BTC continues to consolidate in the $83,000-84,000 range. Holding above the $83,000 level could open the way to $88,000 and then $92,000.

Investors are waiting for the Fed's comments

The market's main focus is on the Fed's March 18-19 meeting, where rates are likely to remain unchanged. Market participants are also assessing the possible impact of Donald Trump's trade policies on inflation and economic growth.

21Shares closes two crypto-ETFs

Crypto management company 21Shares announced it will liquidate two of its exchange-traded funds (ETFs) by March 28 amid market declines. The ARKY and ARKC ETFs will cease trading on March 27.

MicroStrategy boosted Bitcoin stocks

Strategy (formerly MicroStrategy) purchased an additional 130 BTC worth 10.7 million, increasing its total holdings to 499226 BTC.The average purchase price was 10.7 million, increasing its total holdings to 499226 BTC. The average purchase price was 66,360 per token.

Altcoins are also declining

Most altcoins are showing declines amid a general decline in risk appetite.