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>>Bitcoin market outlook: traders remain wary ahead of the FOMC gathering and the Trump‑Xi summit.

Bitcoin market outlook: traders remain wary ahead of the FOMC gathering and the Trump‑Xi summit.

crypthub

1 day ago

Bitcoin Price & Fed Outlook

Bitcoin hovered near $113,000, touching $116,000 intraday twice before slipping to $112,900. The Federal Reserve is set to cut rates by 25 basis points today, a move typically bullish for Bitcoin. Analysts say the cut is largely priced in, limiting upside potential. Some warn a bear market could drive BTC toward $70‑80 k.

US Markets & Tech Boost

US equities surged, with the Dow up 150 points and the S&P 500 and Nasdaq reaching record highs, spurred by the Microsoft‑OpenAI partnership. Optimism over a possible US‑China trade thaw lifted Nvidia, Apple, and Microsoft shares. Ongoing tech earnings and favorable macro news are heightening risk appetite across markets.

Bitcoin ETF Flows

Bitcoin ETFs recorded $260 million in net inflows over three sessions, led by Ark & 21Shares and Fidelity. ETF assets now total $154.8 billion, roughly 5.9% of Bitcoin’s market cap. Yet analysts caution that policy decisions and earnings reports could keep volatility elevated.