09:45
QCP: Bitcoin firmly stays above 92K, market cautiously awaits Federal Reserve and Bank of Japan decisions
ChainCatcher News reports that QCP issued a briefing stating that the Asian market opened relatively flat, with Bitcoin prices hovering around $92,000. Selling pressure has notably decreased, but overall market sentiment remains cautious. ETF capital inflows slightly rebounded to $56.5 million, after experiencing weekly redemptions exceeding $1.1 billion in November. Market focus has now shifted to tonight's Federal Reserve FOMC meeting. Although rate decision expectations are well priced in by the market, investors will closely watch Powell’s comments. Subsequently, the Bank of Japan’s meeting on December 19 will become the next risk catalyst, as Japanese government bond yields have risen to multi-year highs, potentially impacting USD/JPY arbitrage trading. Bitcoin has shown significant volatility this year, retreating from a mid-2025 high of $123,000 and currently trading between $90,000 and $93,000.
BTC2.28%