"The FOMC delivered a clearer signal that interest rates are likely to remain elevated for longer, highlighting that the recent oil price shock could reintroduce inflationary pressures."
"Bitcoin ETFs recorded three consecutive sessions of net outflows following heightened volatility around the FOMC event, amounting to approximately $305 million."
Bitcoin's price has dropped to around 67,750 USD after breaking below the 70,000 USD mark. This decline follows the FOMC meeting, which indicated that interest rates will likely remain high for an extended period. The Fed's decision to keep rates unchanged and suggest only one rate cut in 2026 reflects a cautious policy stance. Additionally, Bitcoin ETFs experienced significant net outflows totaling approximately $305 million, indicating a shift in investor positioning amid evolving macroeconomic conditions.
Read at London Business News | Londonlovesbusiness.com
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