Crypto Market Today, July 27: Bitcoin Steadies as Ahead of Fed Meeting
From fool.com
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 crypto ...
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