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Bitcoin Stalls Near Seventy-Seven Thousand as Fed Decision and Crypto Regulation Shift Market Focus
Published 1 month, 2 weeks ago
Description
Bitcoin holds just below seventy-seven thousand dollars ahead of the Federal Reserve's interest-rate decision, with trading volume collapsing to October 2023 lows creating volatility risk. Jack Dorsey's Block adds bitcoin to corporate treasury, nearing nine thousand BTC total, while Bitmine's ether buying accelerates to Strategy-level pace. DOJ confirms code is not a crime in major policy reversal. Institutional adoption of bitcoin ETFs moving slower than expected according to Blockstream CEO. Paul Tudor Jones calls bitcoin the best inflation hedge amid overvalued equity markets. Macroeconomic headwinds persist with consumer sentiment at all-time lows and inflation expectations surging to four point eight percent, capping near-term upside for risk assets.