Bitcoin Trades Near $80,000 as Fed Rate Outlook and ETF Inflows Shape Sentiment
While US spot Bitcoin ETFs have seen recent inflows, the market faces pressure from inflation concerns and the possibility of a December rate hike. The Federal Reserve recently maintained interest rates at 3.75-4 percent.
Key points
- Bitcoin price hovering near $80,000
- Fed held rates at 3.75-4 percent
- ETF inflows are offsetting some previous withdrawals
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