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Bitcoin (BTC) News Today: Fed Jitters Impact Demand for BTC-Spot ETFs
On Monday (June 10), bitcoin (BTC) declined by 0.16%. Partially reversing a 0.43% gain from Sunday (June 9), BTC ended the session at $69,570. Fed Fear impacted buyer demand for BTC and the broader crypto market. Investors awaited the US CPI Report, FOMC interest rate decision, economic projections, and the press conference. The recent US Jobs Report dampened investor bets on a September Fed rate hike. On Monday, investor sentiment toward the Fed rate path continued to shift. According to the CME FedWatch Tool, the probability of the Fed standing pat in September increased from 49.5% to 51.0%. Moreover, investor ... (full story)
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- Posted: Jun 10, 2024 11:46pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 304
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