List of Flash News about US Fed Meeting
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05:30 |
XRP and Solana (SOL) Lead Profit-Taking Wave as Bitcoin (BTC) Braces for US Fed Decision Amid Bullish Analyst Outlook
According to @cas_abbe, major cryptocurrencies experienced a wave of profit-taking, with XRP dropping over 4% and Solana (SOL) sliding 3% to retest the $140 support level. This pullback occurred despite a generally positive week driven by cooling inflation indicators and diminishing geopolitical risks. Analysts remain bullish, with Jeff Mei of BTSE stating that conditions are ripe for Bitcoin (BTC) to surpass its previous all-time high, citing the de-escalation of the Iran-Israel conflict. The market is now focused on the upcoming U.S. Federal Reserve meeting, where analysts like Augustine Fan of SignalPlus anticipate a potential dovish pivot. Despite BTC trading sideways around $107,000 after a $1.2 billion futures liquidation, institutional sentiment remains strong, evidenced by $1.4 billion in net inflows to BTC ETFs last week, a trend Eugene Cheung of OSL notes as a key indicator of growing participation. |