Bitcoin market report: FOMC and BOJ meetings, Clarity Act in focus

The weekly market report from SBI VC Trade highlights a volatile week for Bitcoin, which fell to around $77,000 amid rising expectations of a 25bp rate hike at the upcoming FOMC meeting. The market is also monitoring the Bank of Japan's policy meeting and the legislative progress of the Clarity Act. Additionally, approximately 4,000 BTC were drained from the Liquid Network, with 600 BTC remaining unreturned, fueling concerns over potential market dumping. Bitcoin spot ETFs saw four consecutive days of outflows as institutional investors reduced positions due to macroeconomic uncertainty.