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Bitcoin Holds Above $77,000 as ETF Outflows Extend Ahead of FOMC

GateNews
bitcoin newsMarket AnalysisCapital FlowMonetary PolicyOn-Chain DataStocksethereum newssolana news
BTC0.42%

According to The Block, Bitcoin traded above $77,100 on April 29, ahead of a Federal Reserve policy decision widely expected to leave rates unchanged. U.S. spot Bitcoin ETFs experienced net outflows of $89.68 million on April 28, with BlackRock’s IBIT leading losses at $112 million, as investors braced for potential signals on monetary policy from Chair Jerome Powell. Onchain data showed Bitcoin exchange net inflows reached 9,905 BTC on April 27, the largest one-day inflow in 30 days, while exchange reserves climbed to 2.677 million BTC on April 28.

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