Bitcoin Steadies Near $78,000 Ahead of Fed Rate Decision
Bitcoin hovered around $77,850 after briefly surpassing $78,300 as traders anticipate key events this week. The Federal Reserve's interest rate decision and a Senate vote on the Crypto Clarity Act are expected to impact liquidity and risk appetite, influencing Bitcoin's price direction.
Last week, U.S. spot Bitcoin ETFs saw $462.73 million in outflows, ending a three-week inflow streak. This raised concerns about institutional demand for Bitcoin, which some market watchers see as fragile amid selling pressure and weak U.S. demand.