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Forex

Bitcoin Stalls at $79K Ahead of Fed Decision and Inflation Report

Guavy AI Editorial Team
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Bitcoin (BTC) is currently trading between $79,176 and $79,500, down 0.8% from the previous day's levels.

The cryptocurrency has retreated after briefly surpassing the $82,000 threshold last week.

Market experts anticipate that Bitcoin will remain within a range of $78,000 to $82,000 leading up to the Federal Reserve's September 16 announcement.

American spot Bitcoin exchange-traded funds (ETFs) saw $987 million in new investment last week, bringing the cumulative three-week total to approximately $3.8 billion.

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