Bitcoin Fails to Break $80,000 Again Ahead of FOMC
- —BTC -0.6% to $76,776, ETH -1.72% to $2,479, XRP -1.74% to $1.34
- —Spot bitcoin ETFs: 4 days of net outflows, with some funds moving to ETH products
- —Liquidations on September 13 rose 10.32% to $410 million
- —The probability of a 25 bps Fed rate hike rose from 58% to 88%
Why it matters: The market is pricing in Fed tightening, ETF outflows and liquidations weigh on BTC; the key signal is the Fed's rhetoric at FOMC.
Source: Digital Today