The price of bitcoin (BTC) was little-changed in the minutes following today’s Fed announcement, continuing at about $43,500. Bitcoin has been volatile of late, but is roughly flat over the past several weeks. That time frame has been dominated by the run-up to the spot ETF approvals and then the initial weeks of trading for those vehicles. Bulls are hopeful that a string of rate cuts, alongside demand from the new ETFs and the upcoming April halving (at which fresh daily bitcoin supply will be reduced by 50%), could set off a fresh run to new highs.
Source: https://www.coindesk.com/markets/2024/01/31/fed-leaves-rates-unchanged-sounds-hawkish-note-on-march/?utm_medium=referral&utm_source=rss&utm_campaign=headlines