Fed Rate Decision Awaits, Impact on Bitcoin Uncertain

Bitcoin's price has shown signs of recovery after a decline of nearly 3% in the previous two days. The cryptocurrency is currently trading above $77,000, but its next directional move will depend on the Federal Reserve's interest rate decision.

The Fed's monetary policy decision is expected to provide fresh impetus for Bitcoin and other risky assets. Analysts believe that a dovish hold by the Fed would be risk-positive and potentially allow ETF inflows to accelerate.