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Bitcoin Price Eyes Crash Ahead of FOMC Minutes
Bitcoin price was relatively unchanged on Wednesday morning, continuing a consolidation period that has been going on in the past few weeks. The BTC/USD pair was trading at 67,250, much lower than the all-time high of 126,400. Bitcoin has struggled this month as investors remained concerned about the falling futures open interest, which is a sign of weak demand. The interest has dropped to $40 billion, down sharply from last year's high of over $95 billion. Bitcoin retreated as the spot ETF outflows continued, a sign that Americans are still wary of investing in the coin. Data shows that spot ETFs have shed over $700 ... (full story)
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