Bitcoin’s Next Test Comes After the Fed Decision
Bitcoin has held its $77,000-$80,000 support band into today’s Federal Reserve decision, while futures open interest has climbed to a five-week high and spot buyers have absorbed about 172,000 BTC at $79,000-$81,000. History from 71 Fed decisions since 2018 points to a modest decision-day gain that tends to fade over the following week, with a hawkish hold the more damaging outcome. Options price the Fed, Thursday’s data, Friday’s expiry and the 3 November midterms as a single risk window. The post Bitcoin’s Next Test Comes After the Fed Decision appeared first on Bitfinex blog.
Bitcoin’s Next Test Comes After the Fed Decision
Bitcoin has held its $77,000-$80,000 support band into today’s Federal Reserve decision, while futures open interest has climbed to a five-week high and spot buyers have absorbed about 172,000 BTC at $79,000-$81,000. History from 71 Fed decisions since 2018 points to a modest decision-day gain that tends to fade over the following week, with a hawkish hold the more damaging outcome. Options price the Fed, Thursday’s data, Friday’s expiry and the 3 November midterms as a single risk window. The post Bitcoin’s Next Test Comes After the Fed Decision appeared first on Bitfinex blog.
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