Bitcoin Holds Steady Near $76,500 Amid Low Trading Activity
- Bitcoin (BTC) is trading around $76,782.31, maintaining a narrow range near $76,500.
- Prediction market traders estimate a 60% chance BTC will finish the week above $76,000.
- U.S. spot bitcoin ETF inflows have decreased significantly after reaching $2.44 billion in April.
- Exchange reserves are at decade-low levels of approximately 2.3 million BTC.
- The upcoming Personal Consumption Expenditures inflation report may influence U.S. interest rate expectations.
Current trading activity for Bitcoin indicates a cautious market with balanced buying and selling pressure but limited institutional demand for new investments.
As of now, Bitcoin’s price remains stable despite external economic pressures, with exchange reserves reflecting a tight supply at roughly 2.3 million BTC. (Source)
