Bitcoin’s Rally Faces Potential Setback from FOMC Decision
- Bitcoin rose 47% post-election, reaching $99,700 by January 6.
- CME FedWatch predicts a 90.9% chance of stable interest rates.
- Spot Bitcoin ETFs saw $908 million inflows on January 3.
The significant inflow into spot Bitcoin ETFs indicates growing institutional interest, which could stabilize Bitcoin prices despite potential volatility from the Federal Reserve’s rate decisions. This institutional backing may mitigate risks associated with the anticipated FOMC meeting outcomes, providing a buffer against market fluctuations influenced by monetary policy changes.
