๐ #Bitcoin (BTC)
#BTC around $76K: Bitcoin was recently reported around $76,474, up about 0.5% in Thursday trading.
๐ ETF pressure: U.S. spot Bitcoin ETFs recorded about $295.9M net outflows on Sept. 16, following roughly $450.4M of outflows on Sept. 15.
๐ฆ Fed impact: The U.S. Federal Reserve raised rates by 25 basis points to 3.75%โ4.00%. The Fed's projections also indicated another possible increase this year.
๐บ๐ธ Bitcoin reserve legislation: A U.S. House committee advanced the American Reserve Modernization Act (H.R. 8957), which would establish a Strategic Bitcoin Reserve if enacted.
โ ๏ธ Main short-term factors: ETF flows, Fed policy, and BTC's ability to hold the $75Kโ$76K area are currently among the major market-watch points.
#BTC around $76K: Bitcoin was recently reported around $76,474, up about 0.5% in Thursday trading.
๐ ETF pressure: U.S. spot Bitcoin ETFs recorded about $295.9M net outflows on Sept. 16, following roughly $450.4M of outflows on Sept. 15.
๐ฆ Fed impact: The U.S. Federal Reserve raised rates by 25 basis points to 3.75%โ4.00%. The Fed's projections also indicated another possible increase this year.
๐บ๐ธ Bitcoin reserve legislation: A U.S. House committee advanced the American Reserve Modernization Act (H.R. 8957), which would establish a Strategic Bitcoin Reserve if enacted.
โ ๏ธ Main short-term factors: ETF flows, Fed policy, and BTC's ability to hold the $75Kโ$76K area are currently among the major market-watch points.
