Bitcoin Hovers Near $63K Ahead of Fed Rate Decision as Investors Assess Liquidity Outlook
Selected altcoins are drawing demand as spot Bitcoin ETF outflows and muted volatility keep BTC near $63,000, traders said.
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10 Articles
The Economic Times
Times of IndiaBitcoin hovers near $63K ahead of Fed rate decision as investors assess liquidity outlook
Bitcoin hovered near $63,000 as investors awaited Federal Reserve guidance, with weak ETF flows, geopolitical tensions and elevated oil prices pressuring risk appetite. Analysts highlighted $62,300 support and $63,300-$64,000 resistance, while Ethereum and major altcoins showed mixed performance amid broader consolidation.
Bitcoin (BTC) price tracks equity bounce while $390 million ETF outflow week restrains the bulls
BTC tracks a modest equity bounce to start the week, but a $390 million ETF outflow streak and 10% odds on landmark crypto legislation leave markets searching for direction.
Bitcoin Falls Below $63,000 as Middle East Tensions Weigh on Crypto
Bitcoin slipped below $63,000 as renewed Middle East tensions weighed on risk appetite and US spot Bitcoin ETFs recorded nearly $385 million in outflows between August 10 and 14. Investors are now awaiting the Federal Reserve minutes for clues on future monetary policy.
📊 While consumer confidence in the US has hit a record low, stock markets are reaching new highs. 🤖 Glassnode notes that capital is shifting from cash to stocks, AI-related assets, and commodities. ₿ Bitcoin is lagging behind in this rotation, while US spot Bitcoin ETFs...
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