Bitcoin is back above $80,000, trading at $80,799. The U.S. Federal Reserve announces its decision tonight, with a 91% chance it will hold rates steady. Spot bitcoin exchange-traded funds are funds that track bitcoin. They saw $176 million in net inflows on October 27, marking two consecutive days of inflows. Products from BlackRock accounted for $151 million, while similar ether funds saw $60.22 million in outflows. Galaxy Research says the bear market ended in June: the low was below $58,000, and bitcoin has now closed above its 50-week moving average (the average closing price over the past 50 weeks) for five straight weeks, after spending the previous 44 weeks below it. South Korea’s KOSPI rose 6.63% and reclaimed 6,012 points, as risk appetite returned. If the Fed’s decision comes with hawkish wording, $80,000 may still fail to hold. The warning line is a weekly close below $76,540.
#比特币 #FederalReserve