Key Takeaways
- • Bitcoin reclaimed $81,000 on Wednesday, extending its recovery as traders awaited the Federal Reserve's monetary policy decision and upcoming Big Tech earnings.
- • Spot Bitcoin ETFs recorded a second consecutive day of inflows, a mild sign of renewed institutional demand according to FXStreet.
- • Ethereum rose toward $2,400 and XRP edged above $1.33 as broader crypto sentiment improved ahead of the Fed decision.
- • Axis Robotics confirmed a seed investment from Pi Ventures, while PI traded near $0.0766 with its price still capped below a long-term resistance trendline.
Summary
Bitcoin (BTC) reclaimed $81,000 on Wednesday, extending a recent recovery as investors waited for the Federal Reserve's monetary policy decision and upcoming Big Tech earnings, according to FXStreet's European crypto wrap. Institutional demand showed mild bullish signs, with spot Bitcoin exchange-traded funds (ETFs) recording a second consecutive day of inflows during the week.
Across the broader market, Ethereum (ETH) followed Bitcoin higher, rising toward $2,400 as bulls appeared to increase exposure. Ripple (XRP) edged higher above $1.33, supported by improving momentum indicators. The move reflected a general lift in sentiment across the cryptocurrency market ahead of the Fed's interest rate decision.
Pi Network (PI) hovered around $0.0766 on Wednesday, holding steady after a roughly 2% rebound on Monday. Axis Robotics officially confirmed that it has received seed investment from Pi Ventures, which focuses on the technical integration of AI and robotics. Technically, PI remains capped below a long-term resistance trendline, although selling pressure has begun to wane.
Across the broader market, Ethereum (ETH) followed Bitcoin higher, rising toward $2,400 as bulls appeared to increase exposure. Ripple (XRP) edged higher above $1.33, supported by improving momentum indicators. The move reflected a general lift in sentiment across the cryptocurrency market ahead of the Fed's interest rate decision.
Pi Network (PI) hovered around $0.0766 on Wednesday, holding steady after a roughly 2% rebound on Monday. Axis Robotics officially confirmed that it has received seed investment from Pi Ventures, which focuses on the technical integration of AI and robotics. Technically, PI remains capped below a long-term resistance trendline, although selling pressure has begun to wane.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.