Sept 17: Bitcoin Holds Near $77K After the Fed Hike as Institutional Crypto Keeps Expanding
Bitcoin remained around $77,000 after the Federal Reserve delivered its widely expected 25-basis-point rate hike, with Matt arguing that the decision itself had already been priced into markets. The more important issue now is weakening demand, including softer ETF flows, on-chain inflows, stablecoin growth and corporate treasury purchases. Matt continues to view Bitcoin as sideways unless it decisively loses roughly $76,000, which would put the $72,000 area back into focus.
Institutional crypto infrastructure continues expanding despite the CLARITY Act's failure. Circle launched Arc with…
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