Bitcoin at $76,500: ETF outflows and hawkish Fed cap gains
- —Spot BTC ETFs: $295.98 million outflow on Wednesday after $450.33 million on Tuesday
- —The Fed raised rates by 25 bps to 3.75–4.00%, with the dot plot allowing for one more hike
- —10-year Treasury yield holds near 5.0% — the highest since 2007
- —BTC is above the 50-, 100- and 200-day EMAs in the $71,500–73,700 cluster
Why it matters: Continued ETF outflows and a hawkish Fed could deepen BTC's correction toward support at $73,000.
Source: FXStreet Crypto