Bitcoin Price Stagnates as Markets Await Federal Reserve Decision

Bitcoin remains trapped in a narrow trading range as investors await the U.S. Federal Reserve's upcoming interest rate decision. According to Bitfinex Alpha, Bitcoin has traded within a 5.5% range for over 24 sessions, with institutional demand cooling as evidenced by recent outflows from U.S. spot Bitcoin ETFs. While selling pressure has eased, a lack of new buying interest and significant leverage around current price levels suggest potential volatility ahead. Meanwhile, persistent inflation and rising energy costs continue to complicate the macroeconomic outlook.