Bitcoin Stabilizes Near $84K as Federal Reserve Decision Looms
The cryptocurrency market shows slight gains, but institutional outflows and macroeconomic pressures weigh on sentiment.
- Bitcoin is trading at approximately $84,000, holding within a tight range as investors await the Federal Reserve's policy decision this week.
- Institutional outflows from Bitcoin ETFs have reached a record $5.4 billion over the past five weeks, reflecting declining investor confidence.
- The Federal Reserve is expected to keep interest rates unchanged, but concerns persist over potential delays in easing monetary policy later this year.
- President Trump's Strategic Bitcoin Reserve announcement has had limited market impact, as no immediate government purchases of Bitcoin have been made.
- Analysts remain divided on Bitcoin's near-term trajectory, with some predicting a rebound in April and others warning of further downside risks.