Bitcoin Stuck At $76,000: Why Is It Not Moving?

URL has been copied successfully!

Bitcoin (CRYPTO: BTC) is trading sideways near $76,000 as traders closely watch Federal Reserve policy and regulatory developments.

“Two Major Overhangs

During an Apr. 30 crypto roundtable featuring Benjamin Cowen, analysts highlighted two key near-term risks: tightening global regulation and uncertainty around Federal Reserve policy.

Chair Jerome Powell is maintaining a cautious stance and persistent inflation, particularly tied to energy prices, continues to keep monetary policy tight.

Market sentiment has deteriorated, with crypto discussions fading across social platforms, often a sign of declining retail …

Full story available on Benzinga.com

Please follow us:
Follow by Email
X (Twitter)
Whatsapp
LinkedIn
Copy link

This post was originally published here