Investing.com– Bitcoin’s price traded flat on Tuesday as a recent rebound ran out of steam even as capital inflows persisted, with focus turning squarely to a slew of cues on U.S. interest rates due this week.
The world’s biggest cryptocurrency had risen after the Federal Reserve cut interest rates last week and announced the start of an easing cycle, with lower rates presenting better prospects for crypto.
But this momentum slowed as markets sought more cues on how much the Fed will cut rates further. Broader sentiment towards crypto also remained weak amid waning retail demand and an uncertain regulatory outlook.
remained steady at $63,625.0 by 08:30 ET (12:30 GMT).
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