Bitcoin slips below $64,000 as hawkish Fed overshadows signs of onchain repair
The Block·
60-second summary
Bitcoin currently hovers below $64,000 as investors weigh the impact of a hawkish Federal Reserve, overshadowing signs of on-chain repair. Despite this, Glassnode reports improving liquidity, which may be forming a floor. Meanwhile, Bitcoin ETFs experience a net outflow of $82.2 million, highlighting investor uncertainty and market volatility. Market sentiment remains cautious.
Bitcoin holds near $64,000 as BTC ETFs post an $82.2 million net outflow, and Glassnode said improving liquidity may be forming a floor.