.jpg?w=1200&ar=40:21&auto=format,compress&ogImage=true&mode=crop&enlarge=true&overlay=false&overlay_position=bottom&overlay_width=100#)
Bitcoin steadies above $83K as ETF inflows return ahead of key US inflation data
Bitcoin is holding steady above $83,000, supported by renewed inflows into US spot Bitcoin ETFs, particularly Fidelity’s Wise Origin Bitcoin Fund. This stabilization comes amid volatile market conditions influenced by high interest rates, geopolitical tensions, and expectations for US monetary policy. Ethereum and other altcoins remain subdued, with investors favoring Bitcoin amid uncertainty. The upcoming US Consumer Price Index report is the next major event that could impact Bitcoin's price by influencing Federal Reserve rate expectations.
Bitcoin is holding steady above $83,000, supported by renewed inflows into US spot Bitcoin ETFs, particularly Fidelity’s Wise Origin Bitcoin Fund. This stabilization comes amid volatile market conditions influenced by high interest rates, geopolitical tensions, and expectations for US monetary policy. Ethereum and other altcoins remain subdued, with investors favoring Bitcoin amid uncertainty. The upcoming US Consumer Price Index report is the next major event that could impact Bitcoin's price by influencing Federal Reserve rate expectations.
What's Your Reaction?
