Bitcoin price gains as 14,942 BTC leave exchanges ahead of Fed decision
BTC when published $80,755Now $80,595 ▼ −0.20% since it was published
Bitcoin price has recovered above $80,000 at the time of reporting, gaining more than 1% over 24 hours as traders assess improving exchange flows, uneven ETF demand and geopolitical uncertainty ahead of the Federal Reserve's interest rate decision. Bitcoin price recovered above $80,000 before the Fed's October 28 decision, but remains below important resistance levels. U.S. spot Bitcoin ETFs recorded $110.3 million in inflows on October 26 after two sessions of withdrawals. Santiment reported net exchange outflows of 14,942 BTC, the largest daily withdrawal in five weeks. Reports of possible U.S. military action against Iran have raised concerns about oil prices and inflation. Bitcoin price must reclaim $81,400–$82,500 to strengthen its recovery, while $80,000 remains immediate support.
First reported by crypto.news. This page is a short excerpt; the full text is theirs.
