Bitcoin kicks off new quarter in the old $82,000-$85,000 price range
Prices briefly topped $85,000 on Wednesday after weaker-than-expected U.S. inflation cooled bets on Fed rate hikes, But bulls couldn’t hold the move and spot ETFs didn’t help.
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Summary
- Bitcoin is still stuck between $82,000 and $85,000, extending more than a week of choppy, sideways price action.
- The U.S.-listed ETFs registered a net outflow of $148.7 million on Wednesday, ending a nine-day inflows streak that pulled in $3.08 billion, according to data source SoSoValue.
- The broader altcoin story still remains selective, with the CoinDesk DeFi Select Index is the only one up 1% in 24 hours.
