By Alex Kozul-Wright
The price of Bitcoin was rising early Tuesday. Both hostilities in the Middle East, and the start of the Federal Open Market Committee meeting, could set the tone for risk assets.
The price of Bitcoin was up 1.09% to $74,038 over the past 24 hours, according to CoinDesk data. The world's premier cryptocurrency briefly surged to almost $76,000 in that period before retreating. Ethereum and alt-coin XRP also posted gains -- by 2.2% and 2.9%, respectively.
Digital assets have performed better than many traditional assets since the outbreak of the war in Iran, acting as a kind of hedge against geopolitical uncertainty. Still, they remain sensitive to economic policy decisions.
The Fed is expected to keep interest rates on hold at its two-day FOMC meeting. But crypto investors will be watching for updates on forecasts in the wake of recent energy price surges. Digital asset prices and interest rates typically move in opposite directions.
Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
March 17, 2026 05:27 ET (09:27 GMT)
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