Bitcoin Inflows Surge, Fed Meeting Ahead
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bitcoin surged by 12% this month, reaching nearly $76,000, as large inflows to centralized exchanges increased, with 6,100 coins moving hourly. Historically, these spikes have led to selling pressure, especially with the Federal Reserve meeting this week. Markets expect no change in interest rates, potentially indicating no cuts this year amid US-Iran tensions and inflation worries. Bitcoin has bounced off $75,000 three times, with resistance at the lower realized price band around $75,000 and the full trader break-even average at about $84,700.
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