Bitcoin Holds Steady Despite ETF Outflows, Fed Caution

Bitcoins price remains robust around $67,000, defying expectations amidst ETF outflows and Feds cautious interest rate stance. Despite a substantial $545 million outflow from Bitcoin ETFs, the cryptocurrency maintains its ground, potentially due to long-term holders conviction, new investors entry, and positive crypto news. The Feds hesitance on rate cuts adds to the uncertainty, but Bitcoins future hinges on ETF flows, Feds decisions, and market sentiment.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.