Bitcoin slips below $64,000 as hawkish Fed overshadows signs of onchain repair
Bitcoin slips below $64,000 as hawkish Fed overshadows signs of onchain repair
Bitcoin spot ETFs posted an $82.2 million net outflow on Wednesday as the cryptocurrency held near $64,000 in the wake of the Federal Reserve’s hawkish policy decision under new Chair Kevin Warsh.Analysts are split on what bitcoin’s onchain data is signaling: Glassnode still puts the cryptocurrency 15% below its onchain “True Market Mean” despite improving liquidity, while Kraken’s chief economist said history favors buyers at these levels.