The cryptocurrency market has stabilized, with Bitcoin trading close to $92,000, according to QCP. Despite the steadiness, market sentiment remains cautious. Recent data shows ETF inflows of $56.5 million, following significant outflows of over $1.1 billion in November.
Investors are now turning their attention to upcoming economic events, including the Federal Open Market Committee (FOMC) meeting and remarks from Powell. Additionally, Japan's Bank of Japan (BOJ) meeting on December 19 is seen as a potential risk event, especially as bond yields reach multi-year highs. Bitcoin has remained relatively flat throughout the year, with no clear new trend emerging.
Crypto Market Stabilizes as Bitcoin Hovers Near $92,000
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