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Bitcoin Stalls Below $80k Despite ETF Demand; Fed Rate Hike Fears Cap Upside

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The Story

News Summary

  • Bitcoin ETF inflows are high, but the price is stalling below $80,000 due to Fed hawkishness.
  • Fed Chair Warsh warned of potential rate hikes to combat inflation, causing BTC to slide.
  • Technical resistance near $83,000 also limits upward momentum despite institutional demand.
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BTCUSD price history

77960.46 +16.37% over the displayed period

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