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Bitcoin Sinks On Huge ETF Outflows
Bitcoin bulls have taken a beating this week. Following the sustained buying we saw through September, the first trading days of Q4 have seen the market coming under heavy selling pressure with BTC futures now trading back below the August highs. The move lower comes amidst the recent uptick we’ve seen in USD in response to Fed chair Powell pushing back against .5% rate-cut calls. Powell warned earlier this week that the Fed was not in hurry to cut rates, with the economy deemed to be on solid ground. As such, Powell signalled that the Fed’s base-case scenario, is for two further cuts of .25% this year. Market ... (full story)
