Bitcoin News

  The market is waiting for the Fed’s next move, or clarity around an ETF, say analysts By  Sam Reynolds ,  James Rubin Jul 26, 2023 at 4:22 a.m. Updated Jul 26, 2023 at 1:57 p.m. Bitcoin daily price chart (CoinDesk Indices) Bitcoin (BTC) and ether (ETH) were mimicking the dullness of traditional finance ahead of Wednesday’s key FOMC rate decision during the Asia trading day. The world’s largest digital asset changed virtual hands at $29,213  according to CoinDesk data , while  ether moved at $1,853 as east Asia's day came to a close. A big breakout isn’t going to come until the Fed changes course on rate decisions, or the Securities and Exchange Commission approves a bitcoin ETF, say analysts. Bitcoin zoomed above $30,000 about a month ago after finance giant BlackRock's application for a bitcoin ETF spurred speculation this – if the world's largest asset manager wins regulatory approval – could funnel large amounts of money from conventional investors into digital assets.