Bitcoin 'Resilient' After Hawkish Fed, But No 'Return of Demand': Analysts
Decrypt·
60-second summary
Bitcoin remains resilient after the hawkish Federal Reserve, with analysts noting that selling pressure is nearly exhausted, but demand has not returned. The cryptocurrency is currently range-bound, awaiting a catalyst to break out. ETF outflows persist, weighing on prices, but a potential rebound could be on the horizon, pending a shift in investor sentiment.
With ETF outflows persisting and selling "nearly exhausted," analysts say Bitcoin is range-bound and waiting for a catalyst.