Buyers pare morning losses
The BTCUSD pair fell by 0.40% to $36,809 on Wednesday, January 26. During the North American trading session, price action recovered to $38,920 right after the Federal Reserve's rate decision was announced. The US central bank left interest rates unchanged in the range of 0.0%-0.25%. The Fed signaled that it will start raising interest rates soon and then reduce its UST holdings. Thus, the regulator is set to raise rates in March. Balance sheet runoff is expected to begin immediately after the rate hikes.