Bitcoin price today: pinned at $65k amid rate uncertainty, slowing ETF activity
Investing.com-- Bitcoin price fell slightly on Thursday, seeing little relief as risk appetite remained largely frail amid uncertainty over U.S. interest rates, while signs of easing capital flows also weighed.fell 0.9% in the past 24 hours to $65,525.6 by 01:49 ET , and was trading well below record highs hit in March.
Powell also said the Fed needed more confidence that inflation was moving back towards its 2% annual target. Fund flow data from digital asset manager CoinShares showed this week that while capital inflows into digital assets resumed after a record-high outflow, a bulk of inflows remained largely biased towards Bitcoin.
The approval of spot Bitcoin ETFs was a key driver of the token’s rally so far in 2024, helping it notch record highs of over $73,000 in March.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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