Bitcoin climbs back above $81,000 ahead of the Fed decision… Is the correction over?
Bitcoin (BTC) returned to trading above $81,400 today, Wednesday, after falling below $80,000 yesterday, in a strong market rebound just hours before the U.S. Federal Reserve announces its decision.
What’s behind the rise?
First: inflows have returned to spot ETF funds, with $176 million flowing in for the second consecutive day, signaling renewed institutional confidence.
Second: Asian stock markets have rebounded, particularly AI stocks. South Korea’s Kospi index rose by more than 6%, boosting risk appetite.
Third: a recent report from Galaxy says the bottom was at $58,000 last June and that we are now in an accumulation phase, not a decline.
What are we waiting for today?
At 18:00
$BTC
Bitcoin (BTC) returned to trading above $81,400 today, Wednesday, after falling below $80,000 yesterday, in a strong market rebound just hours before the U.S. Federal Reserve announces its decision.
What’s behind the rise?
First: inflows have returned to spot ETF funds, with $176 million flowing in for the second consecutive day, signaling renewed institutional confidence.
Second: Asian stock markets have rebounded, particularly AI stocks. South Korea’s Kospi index rose by more than 6%, boosting risk appetite.
Third: a recent report from Galaxy says the bottom was at $58,000 last June and that we are now in an accumulation phase, not a decline.
What are we waiting for today?
At 18:00
$BTC