Bitcoin Defies Expectations Above $150K as Institutional Demand Remains Strong

Bitcoin's price has held above $150K as it enters a crucial week ahead of the Federal Reserve meeting. The cryptocurrency market continues to be driven by institutional demand, with spot ETFs accounting for over $235 billion in assets under management.

The Federal Reserve meeting is set to be a major catalyst for Bitcoin's price action, with policymakers expected to leave rates unchanged but provide key insights into inflation and growth targets.

Bitcoin's supply situation remains tight after the latest halving, with institutions continuing to purchase BTC faster than it's being mined. This has resulted in a structural setup that has never occurred before in the asset's history.