BeInCrypto BR
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Bitcoin (BTC) reacts little in the week after the Fed's decision
Bitcoin (BTC) continues to trade in a recent consolidation phase, hovering around $90,000 at the time of this report on Friday, as investors analyze the cautious interest rate cut from the Federal Reserve (Fed) in December and its implications for risk assets.
The price action of BTC is approaching a fundamental downtrend line that could determine its next directional move. Meanwhile, institutional flows into spot Bitcoin ETFs have shown modest inflows, and the Strategy added more BTC to its treasury reserve.
The price action of BTC is approaching a fundamental downtrend line that could determine its next directional move. Meanwhile, institutional flows into spot Bitcoin ETFs have shown modest inflows, and the Strategy added more BTC to its treasury reserve.
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BTC
90,102.07
-0.53%
