Bitcoin Surges, Stocks Slip Ahead of Fed Meeting

Bitcoin prices have been experiencing a rollercoaster ride in recent days, with a brief touch of $75,912 on Tuesday. The move was largely driven by derivatives market mechanics rather than fresh buying activity.

The broader crypto market has seen a significant surge in the past week, with major tokens such as Ether, XRP, Solana, Dogecoin, and BNB all gaining at least 5%.

One of the key factors contributing to this rally is the increasing institutional interest in Bitcoin. Spot Bitcoin ETFs have seen three consecutive weeks of positive inflows, totaling $767 million last week.