Bitcoin shakes off ETF outflows to gain 12% following the latest FOMC meeting and Fed commentary.
BTC/USD 1-hour chart. Source: TradingViewBitcoin reacted positively to commentary from the United States Federal Reserve as it chose to hold interest rates at current levels.
“The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent,” an accompanyingBTC liquidations . Source: CoinGlassfrom United Kingdom-based investment firm Farside estimated $261 million left the new ETF products on March 20, mostly fueled by $386 million in outflows from the Grayscale Bitcoin Trust .Responding, market observers looked to remain optimistic.
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