Despite a decline in global stock indices, Bitcoin has held above $95,000, showing resilience. However, it has also been down on a weekly basis along with major stock indexes, with a negative return of 11% in the past two weeks. Ethereum has fared worse, falling 15% in the same period. Bitcoin's correlation with global equity markets, particularly the Nasdaq, has increased, indicating its dependence on broader market sentiment. The recent Federal Open Market Committee (FOMC) meeting, where the Fed signaled a slower pace of quantitative easing, had an impact on Bitcoin and other risk assets. Bitcoin's momentum was further disrupted by significant exchange-traded fund outflows and reduced buying activity from major companies. The overall sentiment in the market has been affected by uncertainty surrounding global trade and reduced trading volumes on major crypto exchanges.



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