Bitcoin price trades near a key support level and appears somewhat immune to the negative events of this week.
) held above $63,000 on April 26 despite facing a slew of negative influences. These include significant outflows from spot Bitcoin exchange-traded funds over two days, heightened regulatory scrutiny marked by anof $218 million, which followed a $120 million outflow the previous day, as reported by Farside Investors. Notably, Franklin Templeton was the only provider to record inflows on April 25, indicating that the trend of withdrawals cannot solely be attributed to high fees at Grayscale GBTC.
Bitcoin investors are wary of the unsustainable trajectory of U.S. government fiscal policies as the Fed faces a dilemma. Lowering interest rates to alleviate the debt burden could lead to higher inflation, which would further strain consumers and businesses, leaving the Fed in a precarious position.
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