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Bitcoin (BTC) Dips Below $104K Ahead of Fed’s Rate Decision
Bitcoin is struggling to move higher despite impressive flows recorded by US-based Bitcoin ETFs. On Tuesday, they managed to attract $733 million worth of inflows. However, the largest cryptocurrency is now in risk-off mode ahead of the Federal Reserve’s rate decision and Jerome Powell’s speech.
According to a well-known trader, Bitcoin is unlikely to collapse all the way back down to the $86,000 level at this point in time.
Source: u.today
