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Bitcoin’s price remains stable just below $83,000 as traders await the Federal Reserve’s interest rate decision. Market sentiment is cautious, with only 1% expecting a rate cut, while open interest in Bitcoin futures has dropped significantly.
- Bitcoin trading volume has dropped sharply from $49 billion to $22 billion in a week, signaling reduced market activity.
- Analysts predict Bitcoin could trade between $80,000 and $86,000 post-FOMC, depending on Fed signals.
- Open interest in Bitcoin futures has fallen by 30% since January, reflecting heightened market uncertainty.
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