Bitcoin Traders Are Preparing for the Fed in 2 Very Different Ways
BTC when published $81,436Now $80,598 ▼ −1.03% since it was published
Bitcoin (BTC) rose 1.54% over the past 24 hours to $80,837, according to BeInCrypto Markets data. The broader crypto market also climbed as technology stocks rallied before the Federal Reserve’s (Fed) rate decision on Wednesday. However, spot and derivatives data show traders preparing for the decision in different ways. Spot holders are moving coins off exchanges, while futures traders on Binance lean slightly toward short bets. Follow us on X to get the latest news as it happens Crypto Climbs Behind a Chip Stock Rally Large altcoins posted gains over the same period. Ethereum (ETH) rose 1.79% to $2,350.85, XRP (XRP) added 2.44% to $1.33, and Solana (SOL) gained 1.69%. The move came after the Nasdaq Composite gained 1.18% on Tuesday.
First reported by BeInCrypto. This page is a short excerpt; the full text is theirs.
