World · Market · Global ·
Bitcoin ETF outflows and Fed rate expectations weigh on prices near $63,500
Bitcoin held near $63,500 amid $390 million in ETF outflows over the week and renewed geopolitical tension as a US-Iran ceasefire lapsed, threatening oil prices. Goldman Sachs said a September Federal Reserve rate increase is very unlikely, offering potential relief to crypto markets sensitive to rate expectations.
Why it matters for the crypto market
Conflicting signals from ETF flows, geopolitical oil risks, and Federal Reserve rate policy are the immediate drivers determining Bitcoin direction this week.
Source: coindesk.com
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