Bitcoin News Update: Federal Bitcoin Policy Decisions Hindered by Data Gaps Caused by Shutdown
- U.S. Fed meets with Wall Street as Bitcoin hits 2023 lows near $104,000 amid market uncertainty. - Government shutdown creates "data vacuum," delaying inflation/employment reports and complicating policy decisions. - Bitcoin ETFs see $524M inflow as institutional demand recovers, despite $1.22B weekly outflows. - Brazil proposes crypto seizure laws while Fed debates rate cuts (52% odds), with BTC technicals showing bearish momentum. - Bitcoin's $100,862 support level and regulatory shifts highlight its e
The U.S. Federal Reserve called an unscheduled meeting with major Wall Street executives on Wednesday as
The shutdown, which suspended operations at agencies like the Bureau of Labor Statistics and the Bureau of Economic Analysis, has left investors in a “data blackout,”
Institutional interest in Bitcoin remains, albeit subdued. Despite a net outflow of $1.22 billion over the past week, Tuesday’s inflow
Regulatory changes are also influencing the crypto sector.
Uncertainty around Fed policy has further complicated the outlook.
Bitcoin’s position in the financial world continues to evolve, shaped by both institutional moves and regulatory shifts. As the Fed manages a delicate economic environment and Brazil tightens oversight of digital assets, Bitcoin’s future will hinge on greater economic clarity and regulatory developments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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