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US Spot Bitcoin ETFs (exchange-traded funds) recorded their best net daily inflows in 6 weeks as traders and investors prepare for the upcoming Federal Open Market Committee (FOMC) meeting. The BTC funds saw $274.6 million enter their reserves collectively yesterday, marking the best net daily inflows since Feb. 4, according to data from Farside Investors .  That comes as the FOMC’s two-day meeting commences today. Investors and traders are now waiting to see if interest rates will be hiked, slashed or remain steady, which could impact the crypto market. Fidelity’s And Ark’s Spot Bitcoin ETFs Top BlackRock’s IBIT In Daily Inflows Of the 11 spot Bitcoin ETFs in the US, BlackRock’s IBIT, Fidelity’s FBTC, Bitwise’s BITB, Ark’s ARKB and Grayscale’s BTC were the only funds to record inflows yesterday. The remaining ETFs recorded no new flows. 🚨 Bitcoin ETFs bought +$274.6 MILLION after the longest streak of weekly out...

The Federal Reserve of the United States has been prepping for the Federal Open Market Committee or the FOMC meeting for quite some time now. The meeting is scheduled to be held later today. During this meeting, analysts expect to witness an interest rate hike of 75 basis points [BPS] or 0.75 percent. The chances of a lower hike than 75bps were highly unlikely. According to Arcane Research, only 14% of the probability was leaning toward a 50bps hike while 86 percent predicted a 75bps hike. With 75bps as the most likely outcome of the FOMC meeting, volatility was bound to follow. Volatility has witnessed a spike amidst FOMC meetings. Veering back to September, during the meeting, Bitcoin [BTC] witnessed price changes of around 0.81 percent. But previous changes in price during the FOMC meetings were limited to 0.18 percent. Therefore, speculations about possible fluctuations in the price of Bitcoin were foreseen. Source Here’s what happened post-FOMC in September As p...

Bitcoin was consolidating below a key resistance level on Tuesday, as market volatility rose ahead of the upcoming U.S. Fed decision. Tomorrow’s Federal Reserve meeting will likely see interest rates increased, as the bank battles inflation. Ethereum moved below $1,600 in today’s session. Bitcoin Bitcoin (BTC) was trading below a key resistance level on Tuesday, ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Following a failed breakout of its $20,800 ceiling on Monday, BTC/USD slipped to a low of $20,287.46 earlier today. Market uncertainty has spiked in anticipation of the FOMC meeting, with many expecting the Fed to increase rates by 0.75%. BTC/USD – Daily Chart As can be seen from the chart, price volatility also comes following a failed surge in price strength , with the relative strength index (RSI) recently failing to break a ceiling of its own. The threat of a rate hike has boosted U.S. dollar strength , which appears to be o...