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Crypto Market Today, July 27: Bitcoin Steadies as Ahead of Fed Meeting
Risk appetite improved as falling oil prices and a de-escalation of U.S.-Iran tensions eased inflation fears. Traders also pared downside hedges ahead of this week’s Federal Reserve meeting, when markets expect rates to remain unchanged. Spot Bitcoin ETF flows had been positive for much of July, after significant losses in June. However, there were over $465 million in outflows during the final two days of last week, demonstrating that institutional adoption remains fragile. Bitcoin felt the pressure from tumbling tech stocks on Thursday and Friday, and the weakness continued over the weekend. Today, the lead ... (full story)
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From thestreet.com | 4 hr ago
On July 24, Runefelt revealed on his The Moon Show podcast that he sold two Ferraris worth a total of $2.5 million to buy Bitcoin. The crypto influencer said the leading cryptocurrency is entering the "most reliable" signal in the cycle. Pointing to Bitcoin's 200-week moving average (MA), he said the current dip offers an opportunity to accumulate more ...
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- Jul 27, 7:48pm | 3 hr ago Posted byFundamental Analysis46
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