Bitcoin price remains southbound, steered by falling momentum and overhanging bearish activity from bears waiting to act above $65K. Ahead of Hong Kong’s spot BTC and ETH ETFs going live on Tuesday, Australia could approve the spot BTC ETF in 2024. Wednesday’s FOMC is likely causing crypto markets to correct before it with a bit of hope for incoming rate cuts. Bitcoin price closed down for four weeks in a row, based on the weekly chart, and could be on track for another red candle this week.
sources this morning @MorganStanley reconfirming that #Bitcoin ETF 'firm wide' approvals coming in May. Source: yes, it's gonna be May: likely second half of May barring any unforeseen internal obstacles.$MS employs >17,000 advisors and manages >$2T in assets. — Andrew April 29, 2024 While these ETF-related market movers keep Bitcoiners at the edge of their seats, the market is also anticipating the Federal Open Market Committee meeting on Wednesday.
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