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Bitcoin (BTC) News Today: US BTC-Spot ETF Market Sinks BTC in Reaction to the Fed

From fxempire.com

Bitcoin (BTC) declined by 3.65% on Wednesday (May 1). Following a 5.02% slide on Tuesday (April 30), BTC ended the session at $58,917. Significantly, BTC last closed out a session at sub-$60,000 on February 27. The FOMC interest rate decision and press conference delivered a choppy end to a negative bitcoin session. US BTC-spot ETF market flow trends for Tuesday (April 30) set the tone for the Wednesday session. According to Farside Investors, the US spot ETF market saw total net outflows of $161.6 million. iShares Bitcoin Trust (IBIT) saw zero net flows for the fifth session. Fidelity Wise Origin Bitcoin Fund (FBTC) ... (full story)

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  • Category: Technical Analysis